Carolyn Trabuco Sells 13,000 Shares of USA Rare Earth (NASDAQ:USAR) Stock

USA Rare Earth Inc. (NASDAQ:USAR) Director Carolyn Trabuco sold 13,000 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $22.77, for a total value of $296,010.00. Following the completion of the sale, the director directly owned 18,783 shares of the company’s stock, valued at approximately $427,688.91. This trade represents a 40.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

USA Rare Earth Price Performance

USA Rare Earth stock traded down $0.26 during midday trading on Monday, reaching $22.21. The company’s stock had a trading volume of 16,506,071 shares, compared to its average volume of 16,787,532. USA Rare Earth Inc. has a fifty-two week low of $9.32 and a fifty-two week high of $43.98. The stock’s 50 day simple moving average is $22.33 and its 200 day simple moving average is $19.34.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.04. The firm had revenue of $5.70 million for the quarter. As a group, analysts predict that USA Rare Earth Inc. will post -0.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

USAR has been the subject of several research reports. Benchmark reaffirmed a “buy” rating on shares of USA Rare Earth in a research note on Wednesday, June 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $40.00 price target on shares of USA Rare Earth in a research note on Thursday. Wall Street Zen raised USA Rare Earth from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Wedbush lifted their price target on USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Finally, Northland Securities initiated coverage on USA Rare Earth in a research note on Thursday, April 23rd. They set an “outperform” rating and a $45.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, USA Rare Earth has an average rating of “Moderate Buy” and an average target price of $36.83.

Institutional Trading of USA Rare Earth

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. increased its position in USA Rare Earth by 44.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock worth $219,034,000 after purchasing an additional 3,909,455 shares in the last quarter. Bayshore Capital Advisors LLC purchased a new stake in USA Rare Earth during the 4th quarter worth about $102,378,000. Vanguard Group Inc. increased its position in USA Rare Earth by 533.3% during the 4th quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company’s stock worth $71,834,000 after purchasing an additional 5,083,288 shares in the last quarter. State Street Corp increased its position in USA Rare Earth by 78.4% during the 4th quarter. State Street Corp now owns 5,032,866 shares of the company’s stock worth $59,891,000 after purchasing an additional 2,212,177 shares in the last quarter. Finally, Inflection Point Holdings II LLC purchased a new stake in USA Rare Earth during the 4th quarter worth about $37,188,000.

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.