USA Rare Earth (NASDAQ:USAR) Shares Down 5.4% – Here’s What Happened

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Benchmark reissued a “buy” rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Wall Street Zen raised USA Rare Earth from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Cantor Fitzgerald reiterated an “overweight” rating on shares of USA Rare Earth in a research note on Tuesday, August 11th. Roth Capital dropped their price target on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Finally, Wedbush raised their price target on USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Nine research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.83.

USA Rare Earth Stock Performance

The stock has a market capitalization of $4.30 billion, a P/E ratio of -7.93 and a beta of 2.55. The company’s fifty day simple moving average is $18.54 and its two-hundred day simple moving average is $20.23.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $5.82 million during the quarter. On average, research analysts predict that USA Rare Earth Inc. will post -0.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Carolyn Trabuco sold 13,000 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $22.77, for a total value of $296,010.00. Following the completion of the sale, the director directly owned 18,783 shares in the company, valued at $427,688.91. The trade was a 40.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On USA Rare Earth

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC boosted its position in shares of 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 acquiring an additional 1,433 shares during the period. NewEdge Advisors LLC increased 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 acquiring an additional 1,424 shares during the period. Ascentis Independent Advisors bought a new position in USA Rare Earth during the first quarter worth about $27,000. Center for Financial Planning Inc. acquired a new stake in USA Rare Earth in the 4th quarter worth about $28,000. Finally, Havemeyer Place LP acquired a new stake in USA Rare Earth in the 4th quarter worth 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.