USA Rare Earth (NASDAQ:USAR) Shares Down 2.5% – What’s Next?

Shares of USA Rare Earth Inc. (NASDAQ:USAR) fell 2.5% during trading on Wednesday . The company traded as low as $18.70 and last traded at $18.92. 14,434,150 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 16,590,152 shares. The stock had previously closed at $19.41.

Analysts Set New Price Targets

USAR has been the subject of a number of analyst reports. Needham & Company LLC reduced their price objective on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Wedbush raised their target price on USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Benchmark restated a “buy” rating on shares of USA Rare Earth in a research note on Wednesday, June 3rd. Weiss Ratings lowered shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Finally, Roth Capital reduced their price objective on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Nine research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, USA Rare Earth presently has a consensus rating of “Moderate Buy” and an average target price of $35.83.

USA Rare Earth Stock Performance

The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of -7.79 and a beta of 2.55. The business’s 50 day moving average is $18.40 and its 200 day moving average is $20.14.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The business had revenue of $5.82 million for the quarter. Sell-side analysts predict that USA Rare Earth Inc. will post -0.62 EPS for the current year.

Insider Buying and Selling at USA Rare Earth

In other news, Director Carolyn Trabuco sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $22.77, for a total value of $296,010.00. Following the transaction, the director owned 18,783 shares in the company, valued at $427,688.91. This trade represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 9.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Carlson Financial Inc. increased its holdings in USA Rare Earth by 5.7% in the 2nd quarter. Carlson Financial Inc. now owns 11,780 shares of the company’s stock valued at $254,000 after purchasing an additional 635 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in USA Rare Earth by 29.1% during the 1st quarter. Sterling Capital Management LLC now owns 3,676 shares of the company’s stock worth $56,000 after buying an additional 829 shares during the last quarter. Pier 88 Investment Partners LLC raised its holdings in USA Rare Earth by 2.5% during the fourth quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company’s stock worth $413,000 after purchasing an additional 840 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in USA Rare Earth by 20.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock valued at $66,000 after acquiring an additional 936 shares in the last quarter. Finally, First PREMIER Bank boosted its holdings in shares of USA Rare Earth by 100.0% in the second quarter. First PREMIER Bank now owns 2,000 shares of the company’s stock valued at $43,000 after acquiring an additional 1,000 shares during the period.

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.