USA Rare Earth (NASDAQ:USAR) Stock Price Down 1.5% – Should You Sell?

USA Rare Earth Inc. (NASDAQ:USAR) shares were down 1.5% on Friday . The stock traded as low as $19.13 and last traded at $19.46. Approximately 11,417,767 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 20,828,939 shares. The stock had previously closed at $19.75.

Wall Street Analyst Weigh In

A number of research analysts have commented on USAR shares. Canaccord Genuity Group increased their target price on USA Rare Earth from $23.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Roth Mkm upped their price target 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. Cantor Fitzgerald raised their price objective on USA Rare Earth from $28.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of USA Rare Earth in a report on Monday, December 29th. Finally, UBS Group reissued a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

USA Rare Earth Trading Down 1.5%

The firm has a 50-day moving average of $19.96 and a 200 day moving average of $18.56. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -37.42 and a beta of 1.05.

Insider Transactions at USA Rare Earth

In other USA Rare Earth news, Director Michael Blitzer acquired 100,000 shares of the stock in a transaction dated Thursday, January 29th. The shares were bought at an average price of $21.44 per share, with a total value of $2,144,000.00. Following the purchase, the director directly owned 847,500 shares of the company’s stock, valued at approximately $18,170,400. This trade represents a 13.38% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Carolyn Trabuco purchased 1,300 shares of the firm’s stock in a transaction 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 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 owned by insiders.

Institutional Investors Weigh In On USA Rare Earth

Several hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC increased its holdings 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 worth $25,000 after buying an additional 1,433 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of USA Rare Earth by 158.2% in the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after purchasing an additional 1,424 shares during the last quarter. Center for Financial Planning Inc. bought a new position in shares of USA Rare Earth in the fourth quarter worth about $28,000. SBI Securities Co. Ltd. increased its position 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 period. Finally, Havemeyer Place LP bought a new position in USA Rare Earth in the 4th quarter worth approximately $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.