USA Rare Earth (NASDAQ:USAR) Stock Price Down 1.5% – Here’s What Happened

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price dropped 1.5% during trading on Wednesday . The stock traded as low as $19.76 and last traded at $20.08. Approximately 10,900,916 shares changed hands during trading, a decline of 54% from the average daily volume of 23,683,734 shares. The stock had previously closed at $20.39.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on USAR shares. Benchmark began coverage on USA Rare Earth in a research note on Wednesday, January 21st. They issued a “buy” rating for the company. UBS Group reissued a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Cantor Fitzgerald raised their price target on USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Canaccord Genuity Group boosted their price objective on shares of USA Rare Earth from $23.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of USA Rare Earth in a research note on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.33.

USA Rare Earth Price Performance

The company has a 50-day moving average price of $18.47 and a 200-day moving average price of $18.31. The firm has a market capitalization of $2.66 billion, a PE ratio of -38.62 and a beta of 0.93.

Insider Transactions at USA Rare Earth

In other news, Director Michael Blitzer acquired 100,000 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was acquired at an average price of $21.44 per share, with a total value of $2,144,000.00. Following the completion of the transaction, the director directly owned 847,500 shares in the company, valued at approximately $18,170,400. This represents a 13.38% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carolyn Trabuco bought 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were purchased at an average price of $22.60 per share, for a total transaction of $29,380.00. Following the transaction, the director owned 1,300 shares of the company’s stock, valued at $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 corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC boosted its holdings in shares of USA Rare Earth by 217.5% during the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock worth $25,000 after purchasing an additional 1,433 shares during the last quarter. NewEdge Advisors LLC lifted its position in USA Rare Earth by 158.2% during the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after buying an additional 1,424 shares during the period. Center for Financial Planning Inc. purchased a new position in USA Rare Earth during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. boosted its stake in USA Rare Earth by 10,448.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock worth $29,000 after buying an additional 2,612 shares during the last quarter. Finally, Havemeyer Place LP purchased a new stake in USA Rare Earth in the 4th quarter valued at about $33,000.

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.