USA Rare Earth (NASDAQ:USAR) Shares Down 2.6% – Time to Sell?

USA Rare Earth Inc. (NASDAQ:USAR)’s share price dropped 2.6% during mid-day trading on Wednesday . The stock traded as low as $18.74 and last traded at $18.91. Approximately 9,545,542 shares were traded during trading, a decline of 57% from the average daily volume of 22,201,459 shares. The stock had previously closed at $19.42.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. UBS Group reissued a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Benchmark started coverage on USA Rare Earth in a report on Wednesday, January 21st. They issued a “buy” rating for the company. Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a report on Monday, December 29th. Roth Mkm upped their target price on USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Canaccord Genuity Group raised their price target on USA Rare Earth from $23.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, USA Rare Earth has a consensus rating of “Moderate Buy” and an average price target of $34.33.

USA Rare Earth Stock Down 2.6%

The stock has a fifty day moving average of $19.08 and a two-hundred day moving average of $18.40. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of -36.37 and a beta of 1.05.

Insider Activity

In other news, Director Michael Blitzer bought 100,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was acquired at an average price of $21.44 per share, for a total transaction of $2,144,000.00. Following the acquisition, the director owned 847,500 shares of the company’s stock, valued at $18,170,400. This trade represents a 13.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Carolyn Trabuco purchased 1,300 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was acquired at an average price of $22.60 per share, for a total transaction of $29,380.00. Following the acquisition, the director directly owned 1,300 shares of the company’s stock, valued at $29,380. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 46.60% of the company’s stock.

Institutional Trading of USA Rare Earth

Institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its position in USA Rare Earth by 217.5% in the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after purchasing an additional 1,433 shares during the period. National Bank of Canada FI grew its stake in shares of USA Rare Earth by 110.0% in the third quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock valued at $36,000 after buying an additional 1,100 shares in the last quarter. NewEdge Advisors LLC raised its holdings 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 valued at $25,000 after buying an additional 1,424 shares during the period. Center for Financial Planning Inc. purchased a new stake in shares of USA Rare Earth during the 4th quarter valued at about $28,000. Finally, SBI Securities Co. Ltd. lifted its position in USA Rare Earth by 10,448.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock worth $29,000 after acquiring an additional 2,612 shares in the last quarter.

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.