USA Rare Earth (NASDAQ:USAR) Shares Down 12.4% – Here’s What Happened

USA Rare Earth Inc. (NASDAQ:USAR) shares dropped 12.4% on Thursday . The company traded as low as $18.69 and last traded at $19.08. Approximately 31,214,800 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 26,224,227 shares. The stock had previously closed at $21.77.

Analyst Ratings Changes

USAR has been the subject of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a research report on Monday, December 29th. Benchmark began coverage on USA Rare Earth in a research report on Wednesday, January 21st. They set a “buy” rating on the stock. Roth Mkm boosted their price objective on USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, January 26th. UBS Group reaffirmed a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Finally, William Blair assumed coverage on shares of USA Rare Earth in a report on Monday, October 20th. They set an “outperform” rating for the company. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

USA Rare Earth Price Performance

The company has a 50 day moving average of $18.11 and a two-hundred day moving average of $17.93. The company has a market capitalization of $2.53 billion, a PE ratio of -36.69 and a beta of 0.93.

Insider Buying and Selling

In other USA Rare Earth news, Director Michael Blitzer bought 100,000 shares of the stock in a transaction dated Thursday, January 29th. The stock was purchased at an average cost of $21.44 per share, for a total transaction of $2,144,000.00. Following the completion of the acquisition, the director owned 847,500 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Also, Director Carolyn Trabuco bought 1,300 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was bought at an average cost of $22.60 per share, for a total transaction of $29,380.00. Following the completion of the purchase, the director owned 1,300 shares of the company’s stock, valued at approximately $29,380. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 46.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On USA Rare Earth

Institutional investors have recently modified their holdings of the business. Larson Financial Group LLC lifted its stake in USA Rare Earth by 217.5% during the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after acquiring an additional 1,433 shares during the period. National Bank of Canada FI boosted its holdings in 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 worth $36,000 after purchasing an additional 1,100 shares during the last quarter. NewEdge Advisors LLC boosted 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 during the last quarter. Center for Financial Planning Inc. bought a new stake in USA Rare Earth in the 4th quarter worth approximately $28,000. Finally, SBI Securities Co. Ltd. raised its stake 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 valued at $29,000 after buying an additional 2,612 shares during 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.