USA Rare Earth (NASDAQ:USAR) Shares Down 3.6% – Time to Sell?

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on USAR shares. UBS Group reissued a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Roth Mkm raised their price objective on USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, January 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of USA Rare Earth in a research report on Monday, December 29th. Cantor Fitzgerald upped their target price 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, Canaccord Genuity Group increased their price target on USA Rare Earth from $23.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, USA Rare Earth presently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

USA Rare Earth Stock Down 3.6%

The stock’s fifty day moving average is $20.11 and its two-hundred day moving average is $18.81. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -29.65 and a beta of 1.05.

Insider Activity

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

Hedge Funds Weigh In On USA Rare Earth

A number of institutional investors have recently bought and sold shares of USAR. Larson Financial Group LLC lifted its position in shares of USA Rare Earth by 217.5% in the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after buying an additional 1,433 shares during the last quarter. National Bank of Canada FI raised its stake in USA Rare Earth by 110.0% in the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock valued at $36,000 after acquiring an additional 1,100 shares during the period. NewEdge Advisors LLC lifted its holdings in USA Rare Earth by 158.2% during the 2nd 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. Center for Financial Planning Inc. acquired a new stake in USA Rare Earth during the 4th quarter valued at $28,000. Finally, Havemeyer Place LP acquired a new stake in USA Rare Earth during the 4th quarter valued at $33,000.

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.