USA Rare Earth (NASDAQ:USAR) Shares Gap Down – Here’s Why

USA Rare Earth Inc. (NASDAQ:USAR)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $25.18, but opened at $22.71. USA Rare Earth shares last traded at $21.26, with a volume of 19,300,895 shares traded.

Analysts Set New Price Targets

Several research analysts have issued reports on USAR shares. Benchmark assumed coverage on shares of USA Rare Earth in a report on Wednesday, January 21st. They issued a “buy” rating for the company. William Blair started coverage on USA Rare Earth in a research report on Monday, October 20th. They issued an “outperform” rating on the stock. Canaccord Genuity Group lifted 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of USA Rare Earth in a report on Monday, December 29th. Finally, Roth Mkm boosted their target price on USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

USA Rare Earth Stock Performance

The stock has a market cap of $2.96 billion, a P/E ratio of -42.96 and a beta of 0.96. The business’s 50-day moving average price is $16.15 and its 200-day moving average price is $17.30.

USA Rare Earth (NASDAQ:USAR) last released its earnings results on Thursday, November 6th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.19).

Institutional Trading of USA Rare Earth

Several institutional investors have recently made changes to their positions in the business. Alyeska Investment Group L.P. raised its stake in shares of USA Rare Earth by 44.0% in the third quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock valued at $219,034,000 after acquiring an additional 3,909,455 shares during the period. Vanguard Group Inc. lifted its position in shares of USA Rare Earth by 533.3% during the fourth quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company’s stock worth $71,834,000 after purchasing an additional 5,083,288 shares during the last quarter. UBS Group AG grew its stake in USA Rare Earth by 10.2% in the 4th quarter. UBS Group AG now owns 1,279,378 shares of the company’s stock worth $15,225,000 after acquiring an additional 118,812 shares in the last quarter. Altfest L J & Co. Inc. boosted its holdings in shares of USA Rare Earth by 53.9% in the fourth quarter. Altfest L J & Co. Inc. now owns 1,213,854 shares of the company’s stock valued at $14,445,000 after purchasing an additional 425,377 shares during the period. Finally, Geode Capital Management LLC increased its holdings in USA Rare Earth by 2,437.5% during the 2nd quarter. Geode Capital Management LLC now owns 653,290 shares of the company’s stock worth $7,160,000 after purchasing an additional 627,545 shares during the period.

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.