USA Rare Earth Inc. (NASDAQ:USAR – Get Free Report) Director Carolyn Trabuco sold 13,000 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $22.77, for a total transaction of $296,010.00. Following the completion of the transaction, the director directly owned 18,783 shares of the company’s stock, valued at approximately $427,688.91. The trade was a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
USA Rare Earth Price Performance
USAR stock opened at $22.21 on Tuesday. USA Rare Earth Inc. has a 1 year low of $9.32 and a 1 year high of $43.98. The company has a market cap of $4.95 billion, a P/E ratio of -5.67 and a beta of 2.33. The firm has a 50-day moving average of $22.33 and a 200 day moving average of $19.34.
USA Rare Earth (NASDAQ:USAR – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The company had revenue of $5.70 million during the quarter. On average, equities research analysts expect that USA Rare Earth Inc. will post -0.35 earnings per share for the current fiscal year.
Analysts Set New Price Targets
View Our Latest Report on USAR
Institutional Investors Weigh In On USA Rare Earth
Several institutional investors and hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC increased its position in shares of 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 acquiring an additional 829 shares in the last quarter. Pier 88 Investment Partners LLC increased its position in shares of USA Rare Earth by 2.5% during the fourth quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company’s stock valued at $413,000 after acquiring an additional 840 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of USA Rare Earth by 20.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock valued at $66,000 after acquiring an additional 936 shares in the last quarter. Advisory Services Network LLC increased its position in shares of USA Rare Earth by 2.0% during the third 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 in the last quarter. Finally, National Bank of Canada FI increased its position in shares of USA Rare Earth by 110.0% during 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 in the last quarter.
About USA Rare Earth
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.
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