USA Rare Earth (NASDAQ:USAR) Trading Down 2% – Here’s Why

USA Rare Earth Inc. (NASDAQ:USAR) fell 2% on Tuesday . The company traded as low as $15.29 and last traded at $15.40. Approximately 7,480,160 shares traded hands during trading, a decline of 54% from the average daily volume of 16,282,692 shares. The stock had previously closed at $15.71.

Analyst Ratings Changes

USAR has been the topic of several analyst reports. Weiss Ratings lowered USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Jefferies Financial Group began coverage on shares of USA Rare Earth in a report on Wednesday, September 2nd. They issued a “buy” rating and a $21.00 target price for the company. Roth Capital decreased 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 research report on Tuesday, July 21st. Needham & Company LLC lowered their price target on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Finally, Benchmark reaffirmed a “buy” rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.71.

USA Rare Earth Trading Down 2.0%

The stock has a market cap of $3.77 billion, a price-to-earnings ratio of -6.34 and a beta of 2.58. The stock has a 50-day moving average price of $17.23 and a two-hundred day moving average price of $19.89.

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

Institutional Investors Weigh In On USA Rare Earth

A number of large investors have recently modified their holdings of USAR. Carlson Financial Inc. raised its position in shares of USA Rare Earth by 5.7% in the 2nd quarter. Carlson Financial Inc. now owns 11,780 shares of the company’s stock valued at $254,000 after purchasing an additional 635 shares during the last quarter. Sterling Capital Management LLC boosted its stake in USA Rare Earth by 29.1% in the 1st quarter. Sterling Capital Management LLC now owns 3,676 shares of the company’s stock worth $56,000 after purchasing an additional 829 shares in the last quarter. First PREMIER Bank grew its position in USA Rare Earth by 100.0% during the 2nd quarter. First PREMIER Bank now owns 2,000 shares of the company’s stock worth $43,000 after purchasing an additional 1,000 shares during the last quarter. State of Wyoming increased its stake in 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 purchasing an additional 1,257 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in USA Rare Earth by 217.5% during the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after purchasing an additional 1,433 shares in the last quarter.

About USA Rare Earth

USA Rare Earth, Inc is a U.S.-focused critical minerals company developing an integrated rare earth supply chain. Its activities center on the production of rare earth materials used in permanent magnets, electric vehicles, wind turbines, defense systems, electronics and other advanced technologies.

The company’s principal asset is the Round Top rare earth and critical minerals project in Hudspeth County, Texas. USA Rare Earth is advancing plans to mine and process ore from Round Top and produce separated rare earth oxides and other critical mineral products, including materials containing neodymium, praseodymium, dysprosium and terbium.