USA Rare Earth (NASDAQ:USAR) Stock Price Down 2.6% – Here’s Why

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price traded down 2.6% during mid-day trading on Wednesday . The stock traded as low as $18.74 and last traded at $18.91. Approximately 9,545,542 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 22,201,459 shares. The stock had previously closed at $19.42.

Analysts Set New Price Targets

USAR has been the subject of several analyst reports. UBS Group restated a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of USA Rare Earth in a report on Monday, December 29th. Benchmark began coverage on USA Rare Earth in a research note on Wednesday, January 21st. They set a “buy” rating for the company. Cantor Fitzgerald boosted their price target on USA Rare Earth from $28.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Finally, Roth Mkm increased their price target 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 given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

USA Rare Earth Stock Down 2.6%

The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of -36.37 and a beta of 1.05. The stock has a 50 day moving average of $19.08 and a 200 day moving average of $18.40.

Insider Activity at USA Rare Earth

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

Institutional Investors Weigh In On USA Rare Earth

A number of institutional investors have recently modified their holdings of the business. Pier 88 Investment Partners LLC grew its stake in USA Rare Earth by 2.5% during the 4th quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company’s stock worth $413,000 after buying an additional 840 shares during the last quarter. SBI Securities Co. Ltd. grew its position in shares of USA Rare Earth by 20.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock worth $66,000 after acquiring an additional 936 shares during the last quarter. Advisory Services Network LLC grew its position in shares of USA Rare Earth by 2.0% during the third quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock worth $900,000 after acquiring an additional 1,032 shares during the last quarter. National Bank of Canada FI increased 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 acquiring an additional 1,100 shares during the period. Finally, NewEdge Advisors LLC lifted its position in USA Rare Earth by 158.2% in the 2nd 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 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.