USA Rare Earth (NASDAQ:USAR) Trading Down 6.4% – What’s Next?

Shares of USA Rare Earth Inc. (NASDAQ:USAR) dropped 6.4% during trading on Thursday . The stock traded as low as $19.41 and last traded at $19.75. Approximately 10,555,662 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 21,021,508 shares. The stock had previously closed at $21.09.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on USAR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of USA Rare Earth in a research report on Monday, December 29th. Cantor Fitzgerald raised their target price 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. UBS Group reaffirmed a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. 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. Finally, Benchmark initiated coverage on USA Rare Earth in a research note on Wednesday, January 21st. They issued a “buy” rating on the stock. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

USA Rare Earth Stock Down 6.4%

The stock’s 50 day moving average is $19.81 and its two-hundred day moving average is $18.55. The company has a market capitalization of $2.62 billion, a PE ratio of -37.98 and a beta of 1.05.

Insider Activity

In other USA Rare Earth news, Director Michael Blitzer acquired 100,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The shares were 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 directly owned 847,500 shares in the company, valued at $18,170,400. This represents a 13.38% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carolyn Trabuco acquired 1,300 shares of USA Rare Earth stock in a transaction that occurred on Thursday, January 29th. The stock was acquired 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 $29,380. This represents a ∞ 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.

Institutional Trading of USA Rare Earth

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. increased its holdings in shares of USA Rare Earth by 10,448.0% in the 2nd 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. Geode Capital Management LLC lifted its stake in shares of USA Rare Earth by 2,437.5% during the 2nd quarter. Geode Capital Management LLC now owns 653,290 shares of the company’s stock worth $7,160,000 after purchasing an additional 627,545 shares during the last quarter. Titleist Asset Management LLC boosted its position in USA Rare Earth by 20.2% during the second quarter. Titleist Asset Management LLC now owns 29,380 shares of the company’s stock valued at $322,000 after purchasing an additional 4,930 shares in the last quarter. Diametric Capital LP bought a new stake in USA Rare Earth during the second quarter valued at about $147,000. Finally, NewEdge Advisors LLC grew its stake in USA Rare Earth by 158.2% in the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after purchasing an additional 1,424 shares during 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.