USA Rare Earth (NASDAQ:USAR) Shares Down 2.3% – Time to Sell?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price was down 2.3% during mid-day trading on Wednesday . The company traded as low as $17.91 and last traded at $18.09. Approximately 9,193,926 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 16,630,283 shares. The stock had previously closed at $18.51.

Analysts Set New Price Targets

Several analysts have recently commented on USAR shares. Wedbush increased their price target on shares of USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Roth Capital dropped their price objective on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Northland Securities started coverage on shares of USA Rare Earth in a research report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 target price on the stock. Benchmark reissued a “buy” rating on shares of USA Rare Earth in a research note on Wednesday, June 3rd. Finally, Wall Street Zen raised USA Rare Earth from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, USA Rare Earth presently has an average rating of “Moderate Buy” and a consensus target price of $35.83.

USA Rare Earth Stock Performance

The company has a market capitalization of $4.30 billion, a P/E ratio of -7.93 and a beta of 2.55. The stock’s fifty day moving average price is $18.60 and its 200-day moving average price is $20.24.

USA Rare Earth (NASDAQ:USAR) last posted its earnings results on Monday, August 10th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $5.82 million during the quarter. On average, research analysts predict that USA Rare Earth Inc. will post -0.62 EPS for the current fiscal year.

Insider Buying and Selling

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of USA Rare Earth stock in a transaction that occurred on Monday, June 8th. The stock was 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 in the company, valued at approximately $427,688.91. The trade was a 40.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On USA Rare Earth

A number of institutional investors and hedge funds have recently bought and sold shares of USAR. BlackRock Inc. purchased a new stake in shares of USA Rare Earth during the 2nd quarter worth approximately $335,795,000. Alyeska Investment Group L.P. boosted its stake in USA Rare Earth by 44.0% in the third quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock worth $219,034,000 after buying an additional 3,909,455 shares in the last quarter. Bayshore Capital Advisors LLC purchased a new position in shares of USA Rare Earth during the fourth quarter worth approximately $102,378,000. Vanguard Group Inc. lifted its holdings in shares of USA Rare Earth by 533.3% in the 4th quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company’s stock worth $71,834,000 after acquiring an additional 5,083,288 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of USA Rare Earth by 78.4% in the 4th quarter. State Street Corp now owns 5,032,866 shares of the company’s stock worth $59,891,000 after acquiring an additional 2,212,177 shares during 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.