USA Rare Earth (NASDAQ:USAR) Stock Price Down 3.8% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR)’s share price fell 3.8% during mid-day trading on Thursday . The stock traded as low as $15.79 and last traded at $16.00. 9,751,202 shares were traded during trading, a decline of 51% from the average session volume of 19,737,563 shares. The stock had previously closed at $16.64.

Analyst Upgrades and Downgrades

USAR has been the topic of several recent analyst reports. Benchmark began coverage on shares of USA Rare Earth in a report on Wednesday, January 21st. They issued a “buy” rating on the stock. Roth Mkm raised their price target on shares of USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Cantor Fitzgerald upped their price objective on USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, January 30th. UBS Group reiterated a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Finally, Canaccord Genuity Group raised their target price on USA Rare Earth from $23.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

USA Rare Earth Stock Down 3.6%

The company has a market cap of $2.05 billion, a price-to-earnings ratio of -29.65 and a beta of 1.05. The stock’s 50-day simple moving average is $20.11 and its 200 day simple moving average is $18.77.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC grew its stake 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 worth $25,000 after acquiring an additional 1,433 shares in the last quarter. NewEdge Advisors LLC boosted its holdings 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 purchasing an additional 1,424 shares during the period. Center for Financial Planning Inc. purchased a new position in USA Rare Earth in the fourth quarter valued at $28,000. Havemeyer Place LP acquired a new position in USA Rare Earth during the 4th quarter worth $33,000. Finally, National Bank of Canada FI grew its stake 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 purchasing an additional 1,100 shares in the last quarter.

About USA Rare Earth

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.