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

USA Rare Earth Inc. (NASDAQ:USAR) shares gapped down before the market opened on Thursday . The stock had previously closed at $25.18, but opened at $22.71. USA Rare Earth shares last traded at $21.26, with a volume of 19,300,895 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of USA Rare Earth in a research note on Monday, December 29th. William Blair began coverage on USA Rare Earth in a research report on Monday, October 20th. They set an “outperform” rating on the stock. Benchmark initiated coverage on USA Rare Earth in a report on Wednesday, January 21st. They issued a “buy” rating for the company. Canaccord Genuity Group upped their price objective on shares of USA Rare Earth from $23.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Roth Mkm increased their price objective on shares of USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Monday. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, USA Rare Earth presently has an average rating of “Moderate Buy” and an average price target of $28.00.

USA Rare Earth Stock Performance

The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of -42.96 and a beta of 0.96. The firm’s 50 day simple moving average is $16.15 and its 200 day simple moving average is $17.30.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.19).

Institutional Trading of USA Rare Earth

Several institutional investors have recently bought and sold shares of USAR. Calamos Advisors LLC purchased a new stake in USA Rare Earth during the 3rd quarter worth approximately $3,283,000. Pier 88 Investment Partners LLC acquired a new stake in USA Rare Earth during the second quarter worth about $588,000. Farther Finance Advisors LLC grew its position in USA Rare Earth by 1,461,225.0% in the third quarter. Farther Finance Advisors LLC now owns 58,453 shares of the company’s stock worth $1,005,000 after acquiring an additional 58,449 shares during the period. Altfest L J & Co. Inc. purchased a new stake in USA Rare Earth in the third quarter valued at approximately $13,554,000. Finally, Sovran Advisors LLC acquired a new position in USA Rare Earth during the third quarter worth $3,832,000.

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.