USA Rare Earth (NASDAQ:USAR) Stock Price Down 3.5% – Should You Sell?

USA Rare Earth Inc. (NASDAQ:USAR) fell 3.5% during trading on Thursday . The stock traded as low as $20.07 and last traded at $20.66. Approximately 11,739,020 shares traded hands during trading, a decline of 36% from the average daily volume of 18,300,332 shares. The stock had previously closed at $21.42.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on USAR shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $40.00 target price on shares of USA Rare Earth in a research note on Thursday, June 4th. Weiss Ratings raised shares of USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. Wall Street Zen raised shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Wedbush raised 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. Finally, Roth Mkm reaffirmed a “buy” rating on shares of USA Rare Earth in a report on Thursday, June 4th. Nine analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, USA Rare Earth currently has an average rating of “Moderate Buy” and a consensus target price of $36.83.

USA Rare Earth Stock Performance

The stock has a market capitalization of $4.61 billion, a P/E ratio of -5.27 and a beta of 2.33. The firm has a 50-day moving average price of $24.01 and a 200 day moving average price of $20.13.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The firm had revenue of $5.70 million for the quarter. On average, equities analysts anticipate that USA Rare Earth Inc. will post -0.35 earnings per share for the current fiscal year.

Insider Buying and Selling at USA Rare Earth

In other news, Director Carolyn Trabuco sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $22.77, for a total value of $296,010.00. Following the completion of the sale, the director directly owned 18,783 shares in the company, valued at approximately $427,688.91. The trade was a 40.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On USA Rare Earth

Institutional investors and hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC boosted its position in USA Rare Earth by 29.1% during the first quarter. Sterling Capital Management LLC now owns 3,676 shares of the company’s stock valued at $56,000 after buying an additional 829 shares during the period. Pier 88 Investment Partners LLC increased its holdings in shares of USA Rare Earth by 2.5% in the fourth quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company’s stock worth $413,000 after buying an additional 840 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of USA Rare Earth by 20.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock worth $66,000 after buying an additional 936 shares during the period. Advisory Services Network LLC lifted its stake in shares of USA Rare Earth by 2.0% in the 3rd quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock valued at $900,000 after acquiring an additional 1,032 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of USA Rare Earth by 110.0% in the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock valued at $36,000 after acquiring an additional 1,100 shares during the last quarter.

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.