USA Rare Earth (NASDAQ:USAR) Shares Down 1.5% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price traded down 1.5% on Wednesday . The company traded as low as $19.76 and last traded at $20.08. 10,900,916 shares were traded during trading, a decline of 54% from the average session volume of 23,683,734 shares. The stock had previously closed at $20.39.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on USAR shares. Benchmark initiated coverage on USA Rare Earth in a report on Wednesday, January 21st. They issued a “buy” rating on the stock. Roth Mkm lifted their target price on USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, January 26th. UBS Group reaffirmed a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Canaccord Genuity Group increased their price target on USA Rare Earth from $23.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Finally, Cantor Fitzgerald boosted their price objective on USA Rare Earth from $28.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

USA Rare Earth Stock Down 6.1%

The firm has a market cap of $2.51 billion, a price-to-earnings ratio of -36.35 and a beta of 0.93. The company has a 50-day moving average price of $18.83 and a 200 day moving average price of $18.36.

Insider Transactions at USA Rare Earth

In related news, Director Michael Blitzer purchased 100,000 shares of USA Rare Earth stock in a transaction dated Thursday, January 29th. The stock was acquired at an average cost of $21.44 per share, with a total value of $2,144,000.00. Following the completion of the transaction, the director directly owned 847,500 shares of the company’s stock, valued at $18,170,400. This trade represents a 13.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carolyn Trabuco purchased 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were bought at an average price of $22.60 per share, with a total value of $29,380.00. Following the completion of the acquisition, the director owned 1,300 shares of the company’s stock, valued at $29,380. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 46.60% of the company’s stock.

Institutional Investors Weigh In On USA Rare Earth

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USAR. Virtu Financial LLC purchased a new position in shares of USA Rare Earth during the 4th quarter valued at $832,000. Invesco Ltd. boosted its position in USA Rare Earth by 25.2% during the fourth quarter. Invesco Ltd. now owns 67,592 shares of the company’s stock valued at $804,000 after purchasing an additional 13,598 shares during the last quarter. XTX Topco Ltd grew its stake in USA Rare Earth by 33.8% in the fourth quarter. XTX Topco Ltd now owns 53,349 shares of the company’s stock valued at $635,000 after purchasing an additional 13,466 shares in the last quarter. SummitTX Capital L.P. acquired a new position in USA Rare Earth in the 4th quarter worth about $284,000. Finally, Toronto Dominion Bank acquired a new position in USA Rare Earth in the 4th quarter worth about $4,313,000.

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.