USA Rare Earth (NASDAQ:USAR) Director Sells $296,010.00 in Stock

USA Rare Earth Inc. (NASDAQ:USAR) Director Carolyn Trabuco sold 13,000 shares of USA Rare Earth stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $22.77, for a total value of $296,010.00. Following the sale, the director owned 18,783 shares of the company’s stock, valued at approximately $427,688.91. This represents a 40.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

USA Rare Earth Trading Down 1.2%

USA Rare Earth stock traded down $0.26 during midday trading on Monday, reaching $22.21. 16,506,071 shares of the company were exchanged, compared to its average volume of 16,787,532. The firm’s 50-day simple moving average is $22.33 and its 200-day simple moving average is $19.34. USA Rare Earth Inc. has a 1 year low of $9.32 and a 1 year high of $43.98.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.04. The business had revenue of $5.70 million during the quarter. Equities research analysts predict that USA Rare Earth Inc. will post -0.35 earnings per share for the current fiscal year.

Institutional Trading of USA Rare Earth

Institutional investors have recently modified their holdings of the company. Ascentis Independent Advisors purchased a new stake in shares of USA Rare Earth during the 1st quarter worth about $27,000. Larson Financial Group LLC grew its holdings in shares of USA Rare Earth by 217.5% during the 4th 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 during the period. National Bank of Canada FI grew its holdings in shares of 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. KBC Group NV purchased a new stake in shares of USA Rare Earth during the 1st quarter worth about $35,000. Finally, NewEdge Advisors LLC grew its holdings in shares of USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after purchasing an additional 1,424 shares during the period.

Analyst Ratings Changes

Several analysts have commented on USAR shares. Cantor Fitzgerald restated an “overweight” rating and issued a $40.00 price target on shares of USA Rare Earth in a report on Thursday. Roth Mkm restated a “buy” rating on shares of USA Rare Earth in a report on Thursday. Weiss Ratings upgraded USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Benchmark restated a “buy” rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.83.

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.