USA Rare Earth (NASDAQ:USAR) Shares Down 12.4% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price was down 12.4% on Thursday . The stock traded as low as $21.03 and last traded at $22.07. Approximately 40,803,156 shares changed hands during trading, an increase of 58% from the average daily volume of 25,768,285 shares. The stock had previously closed at $25.18.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. William Blair assumed coverage on shares of USA Rare Earth in a research report on Monday, October 20th. They set an “outperform” rating on the stock. Benchmark began coverage on USA Rare Earth in a report on Wednesday, January 21st. They issued a “buy” rating for the company. Canaccord Genuity Group increased their target price on shares of USA Rare Earth from $23.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of USA Rare Earth in a research report on Monday, December 29th. Finally, Roth Mkm upped their price target on shares of USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, USA Rare Earth currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

USA Rare Earth Stock Down 12.4%

The company has a market capitalization of $2.93 billion, a PE ratio of -42.44 and a beta of 0.96. The business has a 50 day simple moving average of $16.15 and a 200 day simple moving average of $17.30.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in USAR. Advisory Services Network LLC lifted its holdings 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 buying an additional 1,032 shares during the period. National Bank of Canada FI lifted its holdings in USA Rare Earth by 110.0% in the third 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 period. NewEdge Advisors LLC boosted its position in USA Rare Earth by 158.2% in 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 in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of USA Rare Earth by 73.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,586 shares of the company’s stock worth $79,000 after purchasing an additional 1,949 shares during the period. Finally, Osaic Holdings Inc. purchased a new position in shares of USA Rare Earth during the 2nd quarter valued at approximately $38,000.

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.