USA Rare Earth (NASDAQ:USAR) Stock Price Down 1.2% – Should You Sell?

Shares of USA Rare Earth Inc. (NASDAQ:USAR) traded down 1.2% during trading on Monday . The stock traded as low as $22.10 and last traded at $22.21. 16,458,051 shares changed hands during trading, a decline of 12% from the average session volume of 18,621,170 shares. The stock had previously closed at $22.47.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a research note on Wednesday, June 3rd. Roth Mkm reiterated a “buy” rating on shares of USA Rare Earth in a research note on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $40.00 target price on shares of USA Rare Earth in a research note on Thursday. Finally, Canaccord Genuity Group lifted their target price on shares of USA Rare Earth from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Nine analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.83.

USA Rare Earth Price Performance

The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of -5.67 and a beta of 2.33. The stock’s 50 day simple moving average is $22.21 and its 200-day simple moving average is $19.29.

USA Rare Earth (NASDAQ:USAR) last posted its earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The business had revenue of $5.70 million during the quarter. As a group, equities research analysts anticipate that USA Rare Earth Inc. will post -0.35 earnings per share for the current fiscal year.

Institutional Trading of USA Rare Earth

A number of institutional investors and hedge funds have recently modified their holdings of USAR. Larson Financial Group LLC lifted its stake in shares of USA Rare Earth by 217.5% in the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock worth $25,000 after buying an additional 1,433 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of USA Rare Earth by 158.2% in the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after buying an additional 1,424 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of USA Rare Earth in the first quarter worth $27,000. Center for Financial Planning Inc. acquired a new stake in shares of USA Rare Earth in the fourth quarter worth $28,000. Finally, Havemeyer Place LP acquired a new stake in shares of USA Rare Earth in the fourth quarter worth $33,000.

USA Rare Earth Company Profile

USA Rare Earth (NASDAQ: USAR) is a development-stage critical minerals company focused on advancing a fully integrated rare earth element (REE) and lithium project in the United States. Its flagship asset is the Round Top deposit in West Texas, a large, polymetallic concentration of light and heavy rare earth elements, lithium and other co-products. The company seeks to move this asset through resource delineation, pilot-scale processing and eventual commercial production to address growing domestic demand for secure REE supply chains.

In addition to exploration, USA Rare Earth is engineering an on-site separation facility that will utilize dry magnetic separation and hydrometallurgical flowsheets to produce mixed rare earth carbonates.