USA Rare Earth (NASDAQ:USAR) Shares Down 2% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR) fell 2% during mid-day trading on Tuesday . The company traded as low as $18.42 and last traded at $19.02. 15,114,564 shares were traded during trading, a decline of 41% from the average session volume of 25,430,434 shares. The stock had previously closed at $19.40.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on USAR shares. Roth Mkm increased their target price 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, January 26th. Benchmark began coverage on USA Rare Earth in a research note on Wednesday, January 21st. They issued a “buy” rating on the stock. Cantor Fitzgerald increased their price objective on USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a research note on Monday, December 29th. Finally, UBS Group reaffirmed a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

USA Rare Earth Stock Up 1.0%

The firm has a 50-day simple moving average of $18.28 and a 200-day simple moving average of $18.17. The stock has a market cap of $2.44 billion, a PE ratio of -35.37 and a beta of 0.93.

Insider Activity

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in USAR. Bayshore Capital Advisors LLC purchased a new position in USA Rare Earth during the fourth quarter worth about $102,378,000. Vanguard Group Inc. raised its holdings in shares of USA Rare Earth by 533.3% in the 4th quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company’s stock valued at $71,834,000 after acquiring an additional 5,083,288 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in shares of USA Rare Earth by 44.0% during the 3rd 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 purchased a new position in shares of USA Rare Earth during the fourth quarter worth about $37,188,000. Finally, State Street Corp grew its holdings in shares of USA Rare Earth by 78.4% during the fourth quarter. State Street Corp now owns 5,032,866 shares of the company’s stock worth $59,891,000 after purchasing an additional 2,212,177 shares in the last quarter.

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.