USA Rare Earth (NASDAQ:USAR) Stock Price Down 1.9% – Time to Sell?

USA Rare Earth Inc. (NASDAQ:USAR) fell 1.9% on Wednesday . The company traded as low as $11.72 and last traded at $11.90. 7,581,307 shares were traded during trading, an increase of 27% from the average session volume of 5,956,528 shares. The stock had previously closed at $12.13.

Analysts Set New Price Targets

USAR has been the topic of several recent research reports. Canaccord Genuity Group raised their price objective on USA Rare Earth from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, November 7th. UBS Group reissued a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Roth Capital set a $40.00 price objective on USA Rare Earth in a research note on Friday, October 10th. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of USA Rare Earth in a report on Monday. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, USA Rare Earth presently has a consensus rating of “Moderate Buy” and an average target price of $26.33.

USA Rare Earth Price Performance

The firm has a market capitalization of $1.58 billion, a P/E ratio of -22.88 and a beta of 0.91. The company has a fifty day moving average of $15.95 and a 200 day moving average of $16.26.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.19).

Institutional Trading of USA Rare Earth

A number of large investors have recently bought and sold shares of USAR. National Bank of Canada FI lifted its stake in shares of USA Rare Earth by 110.0% in the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock valued at $36,000 after purchasing an additional 1,100 shares during the period. NewEdge Advisors LLC increased its holdings in 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 purchasing an additional 1,424 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in USA Rare Earth by 10,448.0% in the second quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock valued at $29,000 after buying an additional 2,612 shares during the period. Osaic Holdings Inc. acquired a new position in USA Rare Earth in the second quarter valued at approximately $38,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of USA Rare Earth during the 3rd quarter worth approximately $69,000.

About USA Rare Earth

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.