USA Rare Earth (NASDAQ:USAR) Shares Down 2.8% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price traded down 2.8% during mid-day trading on Thursday. The company traded as low as $15.06 and last traded at $15.38. Approximately 13,809,286 shares were traded during trading, a decline of 15% from the average session volume of 16,217,229 shares. The stock had previously closed at $15.83.

Wall Street Analysts Forecast Growth

USAR has been the subject of a number of research analyst reports. Jefferies Financial Group started coverage on shares of USA Rare Earth in a research report on Wednesday, September 2nd. They set a “buy” rating and a $21.00 price objective for the company. Needham & Company LLC cut their target price on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of USA Rare Earth in a research note on Tuesday, August 11th. Roth Capital lowered their price objective on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Finally, Weiss Ratings lowered USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.71.

USA Rare Earth Stock Down 2.8%

The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of -6.33 and a beta of 2.58. The business’s 50-day moving average is $16.93 and its two-hundred day moving average is $19.70.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC grew its holdings in shares of USA Rare Earth by 217.5% in the fourth 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 during the period. Ascentis Independent Advisors acquired a new stake in shares of USA Rare Earth during the 1st quarter worth approximately $27,000. Havemeyer Place LP purchased a new stake in shares of USA Rare Earth during the 4th quarter valued at approximately $33,000. KBC Group NV acquired a new position in USA Rare Earth in the first quarter valued at approximately $35,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in USA Rare Earth in the first quarter worth approximately $38,000.

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.