USA Rare Earth (NASDAQ:USAR) Shares Gap Down – Here’s Why

USA Rare Earth Inc. (NASDAQ:USAR) shares gapped down before the market opened on Thursday . The stock had previously closed at $18.28, but opened at $17.69. USA Rare Earth shares last traded at $17.41, with a volume of 3,417,651 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on USAR shares. William Blair started coverage on USA Rare Earth in a research note on Monday, October 20th. They issued an “outperform” rating for the company. UBS Group reissued a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Roth Capital set a $40.00 target price on USA Rare Earth in a research note on Friday, October 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of USA Rare Earth in a report on Monday, December 29th. Finally, Canaccord Genuity Group upped their price target on USA Rare Earth from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.33.

USA Rare Earth Stock Down 7.2%

The stock has a market capitalization of $2.25 billion, a PE ratio of -32.63 and a beta of 0.96. The business’s fifty day moving average is $14.99 and its two-hundred day moving average is $16.50.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC lifted its stake in shares of USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after acquiring an additional 1,424 shares during the last quarter. SBI Securities Co. Ltd. increased 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 worth $29,000 after purchasing an additional 2,612 shares during the period. National Bank of Canada FI lifted its position in shares of USA Rare Earth by 110.0% during the third quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock worth $36,000 after purchasing an additional 1,100 shares during the last quarter. Osaic Holdings Inc. bought a new stake in shares of USA Rare Earth during the second quarter worth $38,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of USA Rare Earth during the third quarter valued at $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.