USA Rare Earth (NASDAQ:USAR) Stock Price Down 3.8% – Should You Sell?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price dropped 3.8% during mid-day trading on Thursday . The company traded as low as $15.79 and last traded at $16.00. Approximately 9,751,202 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 19,737,563 shares. The stock had previously closed at $16.64.

Analyst Ratings Changes

A number of research firms have commented on USAR. Benchmark began coverage on shares of USA Rare Earth in a research note on Wednesday, January 21st. They set a “buy” rating on the stock. 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 target on shares of USA Rare Earth from $28.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Canaccord Genuity Group lifted their price target on USA Rare Earth from $23.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Finally, Roth Mkm upped their price objective on USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, USA Rare Earth currently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

USA Rare Earth Stock Down 3.8%

The stock has a market cap of $2.12 billion, a P/E ratio of -30.77 and a beta of 1.05. The firm’s 50 day simple moving average is $20.17 and its two-hundred day simple moving average is $18.78.

Insider Transactions at USA Rare Earth

In related news, Director Michael Blitzer bought 100,000 shares of the stock in a transaction dated Thursday, January 29th. The stock was bought 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 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carolyn Trabuco purchased 1,300 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were bought at an average price of $22.60 per share, for a total transaction of $29,380.00. Following the completion of the transaction, the director directly owned 1,300 shares in the company, valued at approximately $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 Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in USAR. Pier 88 Investment Partners LLC increased its position in USA Rare Earth by 2.5% in the fourth quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company’s stock worth $413,000 after buying an additional 840 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of USA Rare Earth by 20.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock valued at $66,000 after acquiring an additional 936 shares during the period. Advisory Services Network LLC boosted its holdings in shares of USA Rare Earth by 2.0% during the third quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock valued at $900,000 after acquiring an additional 1,032 shares during the period. National Bank of Canada FI grew its position in shares of USA Rare Earth by 110.0% during the third quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock worth $36,000 after acquiring an additional 1,100 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after acquiring an additional 1,424 shares during the period.

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.