USA Rare Earth (NASDAQ:USAR) Shares Down 3.7% – Should You Sell?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price was down 3.7% during trading on Wednesday . The company traded as low as $26.05 and last traded at $26.70. Approximately 14,545,025 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 18,662,930 shares. The stock had previously closed at $27.73.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on USAR shares. Roth Mkm set a $30.00 price objective on shares of USA Rare Earth in a research report on Monday, April 20th. Weiss Ratings raised shares of USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Wedbush increased their price objective on shares of USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Wall Street Zen raised shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Northland Securities assumed coverage on shares of USA Rare Earth in a research report on Thursday, April 23rd. They issued an “outperform” rating and a $45.00 target price on the stock. Eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, USA Rare Earth currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.40.

USA Rare Earth Stock Performance

The stock’s 50-day moving average is $20.64 and its 200 day moving average is $18.65. The stock has a market capitalization of $5.96 billion, a PE ratio of -6.81 and a beta of 2.38.

USA Rare Earth (NASDAQ:USAR) last posted its earnings results on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The company had revenue of $5.70 million during the quarter. Analysts expect that USA Rare Earth Inc. will post -0.33 earnings per share for the current year.

Institutional Trading of USA Rare Earth

A number of large investors have recently bought and sold shares of the business. Sterling Capital Management LLC boosted its stake in USA Rare Earth by 29.1% during the 1st quarter. Sterling Capital Management LLC now owns 3,676 shares of the company’s stock worth $56,000 after purchasing an additional 829 shares during the period. Pier 88 Investment Partners LLC boosted its stake in USA Rare Earth by 2.5% during the 4th quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company’s stock worth $413,000 after purchasing an additional 840 shares during the period. SBI Securities Co. Ltd. boosted its stake in USA Rare Earth by 20.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock worth $66,000 after purchasing an additional 936 shares during the period. Advisory Services Network LLC boosted its stake in USA Rare Earth by 2.0% during the 3rd quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock worth $900,000 after purchasing an additional 1,032 shares during the period. Finally, National Bank of Canada FI boosted its stake in USA Rare Earth by 110.0% during the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock worth $36,000 after purchasing an additional 1,100 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.