USA Rare Earth (NASDAQ:USAR) Stock Price Down 2.6% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR) was down 2.6% on Wednesday . The company traded as low as $18.74 and last traded at $18.91. Approximately 9,545,542 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 22,201,459 shares. The stock had previously closed at $19.42.

Analyst Upgrades and Downgrades

USAR has been the topic of a number of analyst reports. 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 research report on Monday, January 26th. Benchmark initiated coverage on USA Rare Earth in a research note on Wednesday, January 21st. They set a “buy” rating for the company. Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a research note on Monday, December 29th. Cantor Fitzgerald increased their price objective on shares of USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Finally, Canaccord Genuity Group boosted their target price on shares of USA Rare Earth from $23.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.33.

USA Rare Earth Trading Down 8.6%

The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of -33.56 and a beta of 1.05. The business has a 50-day moving average price of $19.26 and a two-hundred day moving average price of $18.41.

Insider Buying and Selling at USA Rare Earth

In other news, Director Michael Blitzer purchased 100,000 shares of USA Rare Earth stock in a transaction dated Thursday, January 29th. The stock was bought at an average price of $21.44 per share, with a total value of $2,144,000.00. Following the completion of the acquisition, the director owned 847,500 shares in the company, valued at $18,170,400. The trade was a 13.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carolyn Trabuco purchased 1,300 shares of the stock in a transaction dated Thursday, January 29th. The shares were purchased at an average price of $22.60 per share, with a total value of $29,380.00. Following the transaction, the director directly owned 1,300 shares of the company’s stock, valued at approximately $29,380. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 46.60% of the company’s stock.

Institutional Trading of USA Rare Earth

Hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its stake in shares of USA Rare Earth by 217.5% during 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 in the last quarter. NewEdge Advisors LLC increased its stake in USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after buying an additional 1,424 shares during the period. Center for Financial Planning Inc. bought a new position in shares of USA Rare Earth in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. increased its stake in shares of USA Rare Earth by 10,448.0% during the second quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock valued at $29,000 after acquiring an additional 2,612 shares during the period. Finally, Havemeyer Place LP bought a new stake in USA Rare Earth during the fourth quarter worth approximately $33,000.

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.