USA Rare Earth (NASDAQ:USAR) Stock Rating Cut to Strong Sell at Zacks Research

USA Rare Earth (NASDAQ:USAR) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday, Zacks reports.

A number of other brokerages also recently commented on USAR. Wall Street Zen downgraded shares of USA Rare Earth from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of USA Rare Earth in a report on Wednesday, November 4th. Texas Capital upgraded shares of USA Rare Earth to a “strong-buy” rating in a research note on Tuesday, October 20th. Jefferies Financial Group reissued a “buy” rating on shares of USA Rare Earth in a report on Wednesday. Finally, Roth Capital cut their price target on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, USA Rare Earth currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.29.

USA Rare Earth Price Performance

USA Rare Earth stock opened at $8.07 on Wednesday. USA Rare Earth has a 12 month low of $6.84 and a 12 month high of $32.80. The business has a 50 day simple moving average of $12.47 and a 200-day simple moving average of $18.28. The stock has a market capitalization of $1.97 billion, a PE ratio of -9.96 and a beta of 2.79.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings results on Monday, November 9th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.25). USA Rare Earth had a negative return on equity of 12.81% and a negative net margin of 716.54%. The company had revenue of $3.00 million for the quarter, compared to analyst estimates of $6.50 million. During the same period in the prior year, the business earned ($0.25) earnings per share. As a group, equities research analysts anticipate that USA Rare Earth will post -0.74 EPS for the current year.

Institutional Trading of USA Rare Earth

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Carlson Financial Inc. grew its position in USA Rare Earth by 5.7% during the second quarter. Carlson Financial Inc. now owns 11,780 shares of the company’s stock worth $254,000 after buying an additional 635 shares during the period. First PREMIER Bank increased its holdings in USA Rare Earth by 100.0% in the second quarter. First PREMIER Bank now owns 2,000 shares of the company’s stock valued at $43,000 after buying an additional 1,000 shares in the last quarter. State of Wyoming lifted its position in shares of USA Rare Earth by 100.4% during the 1st quarter. State of Wyoming now owns 2,509 shares of the company’s stock valued at $38,000 after acquiring an additional 1,257 shares during the period. Ameritas Advisory Services LLC lifted its position in shares of USA Rare Earth by 276.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 1,987 shares of the company’s stock valued at $43,000 after acquiring an additional 1,459 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of USA Rare Earth by 1.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 78,949 shares of the company’s stock valued at $1,112,000 after acquiring an additional 1,483 shares during the period.

USA Rare Earth Company Profile

USA Rare Earth, Inc. is developing a U.S.-focused supply chain for rare earth materials and permanent magnets used in electric vehicles, wind turbines, electronics, aerospace and defense applications. Its planned activities span mineral extraction, materials processing and magnet manufacturing. The company is advancing the Round Top deposit in West Texas, a project that contains rare earth elements as well as other minerals used in advanced technologies. USA Rare Earth has described the deposit as a potential source of both light and heavy rare earths, which are important inputs for high-performance magnets and other industrial products.