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

Shares of USA Rare Earth Inc. (NASDAQ:USAR) gapped down before the market opened on Thursday . The stock had previously closed at $18.28, but opened at $17.69. USA Rare Earth shares last traded at $17.41, with a volume of 3,417,651 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on USAR shares. UBS Group reiterated a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Canaccord Genuity Group upped their price target on USA Rare Earth from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of USA Rare Earth in a research note on Monday, December 29th. William Blair started coverage on USA Rare Earth in a research note on Monday, October 20th. They set an “outperform” rating on the stock. Finally, Roth Capital set a $40.00 target price on USA Rare Earth in a report on Friday, October 10th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.33.

USA Rare Earth Stock Up 5.4%

The business has a 50-day moving average of $15.01 and a 200-day moving average of $16.55. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of -34.02 and a beta of 0.96.

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

Institutional Trading of USA Rare Earth

Institutional investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. grew its position in USA Rare Earth by 44.0% in the third quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock worth $219,034,000 after acquiring an additional 3,909,455 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of USA Rare Earth by 9.9% in the 3rd quarter. Vanguard Group Inc. now owns 953,198 shares of the company’s stock valued at $16,385,000 after purchasing an additional 86,134 shares during the last quarter. Altfest L J & Co. Inc. bought a new stake in USA Rare Earth in the third quarter worth $13,554,000. Geode Capital Management LLC increased its position in USA Rare Earth by 2,437.5% during the second quarter. Geode Capital Management LLC now owns 653,290 shares of the company’s stock worth $7,160,000 after buying an additional 627,545 shares during the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in USA Rare Earth during the third quarter valued at about $8,304,000.

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.