USA Rare Earth (NASDAQ:USAR) Trading Down 8.9% – Here’s Why

USA Rare Earth Inc. (NASDAQ:USAR) fell 8.9% during mid-day trading on Wednesday . The stock traded as low as $27.58 and last traded at $27.98. 22,404,889 shares were traded during trading, an increase of 20% from the average session volume of 18,640,705 shares. The stock had previously closed at $30.70.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on USAR shares. Canaccord Genuity Group increased their price objective on USA Rare Earth from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Weiss Ratings upgraded shares of USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. Northland Securities started coverage on shares of USA Rare Earth in a report on Thursday, April 23rd. They issued an “outperform” rating and a $45.00 price target for the company. Wall Street Zen upgraded shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $40.00 price objective on shares of USA Rare Earth in a report on Thursday. Nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.83.

USA Rare Earth Trading Down 11.2%

The company has a market cap of $5.37 billion, a price-to-earnings ratio of -6.14 and a beta of 2.33. The company has a fifty day moving average price of $22.09 and a two-hundred day moving average price of $19.23.

USA Rare Earth (NASDAQ:USAR) last issued its earnings results on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The firm had revenue of $5.70 million during the quarter. Sell-side analysts anticipate that USA Rare Earth Inc. will post -0.33 EPS for the current fiscal year.

Institutional Trading of USA Rare Earth

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ascentis Independent Advisors bought a new stake in shares of USA Rare Earth in the 1st quarter valued at approximately $27,000. Larson Financial Group LLC raised its position 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 period. National Bank of Canada FI raised its holdings in USA Rare Earth by 110.0% during the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock worth $36,000 after buying an additional 1,100 shares during the period. KBC Group NV acquired a new stake in USA Rare Earth during the 1st quarter worth approximately $35,000. Finally, NewEdge Advisors LLC lifted its stake in 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 buying an additional 1,424 shares in 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.