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

Shares of USA Rare Earth Inc. (NASDAQ:USAR) were down 1.5% on Wednesday . The stock traded as low as $19.76 and last traded at $20.08. Approximately 10,900,916 shares traded 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

USAR has been the subject of several research analyst reports. UBS Group reaffirmed a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of USA Rare Earth in a research note on Monday, December 29th. Benchmark started coverage on USA Rare Earth in a research report on Wednesday, January 21st. They issued a “buy” rating on the stock. Cantor Fitzgerald boosted 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. Finally, Roth Mkm upped their price target on USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, USA Rare Earth has a consensus rating of “Moderate Buy” and an average target price of $34.33.

USA Rare Earth Trading Down 1.5%

The stock’s 50 day moving average price is $18.47 and its 200 day moving average price is $18.31. The firm has a market cap of $2.66 billion, a PE ratio of -38.62 and a beta of 0.93.

Insider Buying and Selling at USA Rare Earth

In related news, Director Michael Blitzer bought 100,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was bought 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 of the company’s stock, valued at approximately $18,170,400. This represents a 13.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carolyn Trabuco bought 1,300 shares of the stock in a transaction dated Thursday, January 29th. The stock was bought at an average price of $22.60 per share, with a total value of $29,380.00. Following the purchase, the director owned 1,300 shares of the company’s stock, valued at approximately $29,380. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 46.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On USA Rare Earth

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