USA Rare Earth (NASDAQ:USAR) Trading Down 12.8% – What’s Next?

Shares of USA Rare Earth Inc. (NASDAQ:USAR) dropped 12.8% on Monday . The stock traded as low as $20.82 and last traded at $21.28. Approximately 19,411,076 shares were traded during mid-day trading, an increase of 4% from the average daily volume of 18,717,502 shares. The stock had previously closed at $24.39.

Wall Street Analyst Weigh In

USAR has been the subject of several recent research reports. Weiss Ratings upgraded USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Wedbush upped their target price on USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Canaccord Genuity Group upped their target price on USA Rare Earth from $29.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Northland Securities assumed coverage on USA Rare Earth in a report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 target price for the company. Finally, Benchmark assumed coverage on USA Rare Earth in a report on Wednesday, January 21st. They set a “buy” rating for the company. Eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.40.

USA Rare Earth Stock Up 13.0%

The company has a market cap of $4.92 billion, a P/E ratio of -5.76 and a beta of 2.38. The business has a fifty day moving average of $20.13 and a 200 day moving average of $18.39.

USA Rare Earth (NASDAQ:USAR) last announced 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 business had revenue of $5.70 million for the quarter. On average, sell-side analysts anticipate that USA Rare Earth Inc. will post -0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On USA Rare Earth

Institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in USA Rare Earth by 217.5% in the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock worth $25,000 after purchasing an additional 1,433 shares in the last quarter. NewEdge Advisors LLC raised its holdings in USA Rare Earth by 158.2% in the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after purchasing an additional 1,424 shares in the last quarter. Ascentis Independent Advisors bought a new position in USA Rare Earth in the first quarter worth $27,000. Center for Financial Planning Inc. bought a new position in USA Rare Earth in the fourth quarter worth $28,000. Finally, Havemeyer Place LP bought a new position in USA Rare Earth in the fourth quarter worth $33,000.

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.