USA Rare Earth (NASDAQ:USAR) Trading Down 4% – Time to Sell?

Shares of USA Rare Earth Inc. (NASDAQ:USAR) fell 4% during trading on Monday . The company traded as low as $15.08 and last traded at $15.28. 8,304,401 shares changed hands during trading, a decline of 56% from the average session volume of 18,942,455 shares. The stock had previously closed at $15.92.

Analysts Set New Price Targets

A number of brokerages have recently commented on USAR. Weiss Ratings reiterated a “sell (d-)” rating on shares of USA Rare Earth in a report on Friday, March 27th. Canaccord Genuity Group cut their price target on USA Rare Earth from $33.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Benchmark began coverage on USA Rare Earth in a report on Wednesday, January 21st. They set a “buy” rating for the company. Cantor Fitzgerald upped their price target on USA Rare Earth from $28.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Finally, Roth Mkm upped their price target on USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Six equities research 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

USA Rare Earth Price Performance

The business has a 50 day moving average of $19.09 and a 200 day moving average of $18.85. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of -5.59 and a beta of 1.34.

USA Rare Earth (NASDAQ:USAR) last issued its earnings results on Monday, March 30th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). The company had revenue of $1.64 million during the quarter.

Insiders Place Their Bets

In other news, Director Michael Blitzer bought 100,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was acquired at an average cost of $21.44 per share, for a total transaction of $2,144,000.00. Following the completion of the purchase, 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 position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carolyn Trabuco bought 1,300 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was purchased at an average price of $22.60 per share, with a total value of $29,380.00. Following the completion of the purchase, the director directly owned 1,300 shares of the company’s stock, valued at $29,380. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 46.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of USA Rare Earth in the fourth quarter valued at $39,000. Virtu Financial LLC bought a new stake in USA Rare Earth in the fourth quarter valued at $832,000. Invesco Ltd. grew its position in USA Rare Earth by 25.2% in the fourth quarter. Invesco Ltd. now owns 67,592 shares of the company’s stock valued at $804,000 after acquiring an additional 13,598 shares during the period. XTX Topco Ltd grew its position 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 acquiring an additional 13,466 shares during the period. Finally, SummitTX Capital L.P. bought a new stake in USA Rare Earth in the fourth quarter valued at $284,000.

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.