USA Rare Earth (NASDAQ:USAR) Stock Price Down 3.6% – Here’s Why

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price traded down 3.6% during trading on Friday . The company traded as low as $15.05 and last traded at $15.42. 8,740,987 shares changed hands during trading, a decline of 55% from the average session volume of 19,552,709 shares. The stock had previously closed at $16.00.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on USAR shares. Canaccord Genuity Group boosted their price target on USA Rare Earth from $23.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a research note on Monday, December 29th. Benchmark initiated coverage on shares of USA Rare Earth in a report on Wednesday, January 21st. They issued a “buy” rating for the company. Roth Mkm boosted their target price on shares of USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Cantor Fitzgerald increased their target price on shares of USA Rare Earth from $28.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, USA Rare Earth presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

USA Rare Earth Stock Down 3.6%

The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -29.65 and a beta of 1.05. The stock has a 50 day simple moving average of $20.15 and a 200 day simple moving average of $18.76.

Insider Buying and Selling

In other news, Director Carolyn Trabuco bought 1,300 shares of USA Rare Earth stock in a transaction on Thursday, January 29th. The stock was purchased at an average cost of $22.60 per share, with a total value of $29,380.00. Following the purchase, the director directly owned 1,300 shares of the company’s stock, valued at approximately $29,380. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael Blitzer acquired 100,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director directly owned 847,500 shares in the company, valued at approximately $18,170,400. This represents a 13.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 46.60% of the company’s stock.

Hedge Funds Weigh In On USA Rare Earth

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bayshore Capital Advisors LLC bought a new position in shares of USA Rare Earth in the fourth quarter valued at approximately $102,378,000. Vanguard Group Inc. boosted its stake in USA Rare Earth by 533.3% during the 4th quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company’s stock valued at $71,834,000 after purchasing an additional 5,083,288 shares in the last quarter. Alyeska Investment Group L.P. increased its position in shares of USA Rare Earth by 44.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock valued at $219,034,000 after purchasing an additional 3,909,455 shares during the period. Inflection Point Holdings II LLC acquired a new position in shares of USA Rare Earth during the 4th quarter valued at $37,188,000. Finally, State Street Corp raised its stake 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 buying an additional 2,212,177 shares in 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.