USA Rare Earth (NASDAQ:USAR) Stock Price Down 6.9% – Here’s What Happened

USA Rare Earth Inc. (NASDAQ:USAR)’s share price fell 6.9% on Tuesday . The company traded as low as $19.08 and last traded at $19.42. 10,208,952 shares traded hands during trading, a decline of 55% from the average session volume of 22,509,816 shares. The stock had previously closed at $20.87.

Analyst Ratings Changes

A number of analysts have recently weighed in on USAR shares. UBS Group restated a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Canaccord Genuity Group upped their price target on shares of USA Rare Earth from $23.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of USA Rare Earth in a research report on Monday, December 29th. Benchmark began coverage on USA Rare Earth in a research report on Wednesday, January 21st. They set a “buy” rating for the company. Finally, Roth Mkm raised their target price on USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, January 26th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, USA Rare Earth has a consensus rating of “Moderate Buy” and an average target price of $34.33.

USA Rare Earth Price Performance

The firm has a market cap of $2.53 billion, a P/E ratio of -36.69 and a beta of 1.05. The company’s 50 day moving average is $19.17 and its two-hundred day moving average is $18.40.

Insider Activity at USA Rare Earth

In other news, Director Carolyn Trabuco acquired 1,300 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were bought at an average price of $22.60 per share, with a total value of $29,380.00. Following the acquisition, the director owned 1,300 shares of the company’s stock, valued at $29,380. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Blitzer bought 100,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was purchased at an average price of $21.44 per share, with a total value of $2,144,000.00. Following the completion of the purchase, the director directly owned 847,500 shares of the company’s stock, valued at $18,170,400. This represents a 13.38% increase in their position. The disclosure for this purchase is available in the SEC filing. 46.60% of the stock is currently owned by company insiders.

Institutional Trading of USA Rare Earth

Institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC raised 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 worth $25,000 after purchasing an additional 1,433 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of USA Rare Earth by 110.0% in 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 in the last quarter. NewEdge Advisors LLC lifted its position in shares of USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after buying an additional 1,424 shares during the period. Center for Financial Planning Inc. bought a new position in shares of USA Rare Earth during the 4th quarter worth approximately $28,000. Finally, SBI Securities Co. Ltd. boosted its stake 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 valued at $29,000 after buying an additional 2,612 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.