USA Rare Earth (NASDAQ:USAR) Stock Price Down 3.2% – Should You Sell?

USA Rare Earth Inc. (NASDAQ:USAR) shares dropped 3.2% during trading on Thursday . The company traded as low as $17.28 and last traded at $17.81. Approximately 11,330,294 shares traded hands during trading, a decline of 44% from the average daily volume of 20,089,455 shares. The stock had previously closed at $18.40.

Analysts Set New Price Targets

Several research analysts have issued reports on USAR shares. Cantor Fitzgerald increased their price objective on USA Rare Earth from $28.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. UBS Group reaffirmed a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Roth Mkm increased their target price on shares of USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Canaccord Genuity Group lifted their price target on shares of 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 started coverage on shares of USA Rare Earth in a research report on Wednesday, January 21st. They issued a “buy” rating on the stock. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

USA Rare Earth Stock Performance

The firm’s 50-day simple moving average is $20.21 and its two-hundred day simple moving average is $18.68. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -34.25 and a beta of 1.05.

Insiders Place Their Bets

In other news, Director Carolyn Trabuco bought 1,300 shares of the stock in a transaction dated Thursday, January 29th. The stock was bought at an average cost of $22.60 per share, with a total value of $29,380.00. Following the purchase, the director owned 1,300 shares of the company’s stock, valued at approximately $29,380. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Blitzer bought 100,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were purchased at an average price of $21.44 per share, with a total value of $2,144,000.00. Following the transaction, the director owned 847,500 shares of the company’s stock, valued at $18,170,400. The trade was a 13.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 46.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of USAR. Bayshore Capital Advisors LLC acquired a new stake in shares of USA Rare Earth during the 4th quarter worth approximately $102,378,000. Vanguard Group Inc. lifted its holdings in USA Rare Earth by 533.3% in the fourth quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company’s stock valued at $71,834,000 after buying an additional 5,083,288 shares during the period. Alyeska Investment Group L.P. boosted its stake in USA Rare Earth by 44.0% in the third quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock valued at $219,034,000 after acquiring an additional 3,909,455 shares during the last quarter. Inflection Point Holdings II LLC acquired a new stake in USA Rare Earth during the 4th quarter worth $37,188,000. Finally, State Street Corp grew its holdings in USA Rare Earth by 78.4% during the 4th quarter. State Street Corp now owns 5,032,866 shares of the company’s stock worth $59,891,000 after acquiring an additional 2,212,177 shares during the period.

About USA Rare Earth

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.