USA Rare Earth (NASDAQ:USAR) Trading Down 5.4% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR) traded down 5.4% on Thursday . The stock traded as low as $16.95 and last traded at $17.11. Approximately 13,124,550 shares were traded during trading, a decline of 21% from the average daily volume of 16,608,637 shares. The stock had previously closed at $18.09.

Analysts Set New Price Targets

USAR has been the subject of a number of research analyst reports. Wall Street Zen raised USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Northland Securities initiated coverage on shares of USA Rare Earth in a research report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 price objective for the company. Needham & Company LLC lowered their target price on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings downgraded shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Finally, Roth Capital dropped their target price on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, USA Rare Earth has a consensus rating of “Moderate Buy” and an average target price of $35.83.

USA Rare Earth Price Performance

The company has a market cap of $3.82 billion, a PE ratio of -7.04 and a beta of 2.55. The stock has a 50 day simple moving average of $18.71 and a two-hundred day simple moving average of $20.28.

USA Rare Earth (NASDAQ:USAR) last announced its earnings results on Monday, August 10th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $5.82 million for the quarter. As a group, equities analysts anticipate that USA Rare Earth Inc. will post -0.62 EPS for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of USAR. BlackRock Inc. purchased a new stake in shares of USA Rare Earth during the second quarter worth approximately $335,795,000. Alyeska Investment Group L.P. increased its stake in USA Rare Earth by 44.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock valued at $219,034,000 after buying an additional 3,909,455 shares during the period. Bayshore Capital Advisors LLC acquired a new position in USA Rare Earth in the 4th quarter valued at $102,378,000. Vanguard Group Inc. raised its position in USA Rare Earth by 533.3% during the 4th quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company’s stock worth $71,834,000 after buying an additional 5,083,288 shares during the last quarter. Finally, State Street Corp raised its position in USA Rare Earth by 78.4% during the 4th quarter. State Street Corp now owns 5,032,866 shares of the company’s stock worth $59,891,000 after buying an additional 2,212,177 shares during the last quarter.

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.