USA Rare Earth (NASDAQ:USAR) Shares Down 6% – Should You Sell?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price traded down 6% during mid-day trading on Tuesday . The stock traded as low as $16.35 and last traded at $16.67. 14,500,209 shares were traded during mid-day trading, an increase of 18% from the average session volume of 12,246,667 shares. The stock had previously closed at $17.74.

Wall Street Analysts Forecast Growth

USAR has been the subject of a number of recent research reports. Roth Capital set a $40.00 price objective on USA Rare Earth in a research report on Friday, October 10th. UBS Group restated a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Canaccord Genuity Group lifted their price target on shares of USA Rare Earth from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of USA Rare Earth in a research report on Monday, December 29th. Finally, Benchmark reissued a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, USA Rare Earth presently has an average rating of “Moderate Buy” and a consensus price target of $26.33.

USA Rare Earth Trading Down 6.0%

The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of -32.06 and a beta of 0.96. The business has a 50 day simple moving average of $14.95 and a 200-day simple moving average of $16.45.

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

Hedge Funds Weigh In On USA Rare Earth

A number of large investors have recently bought and sold shares of USAR. NewEdge Advisors LLC boosted its holdings in shares of USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after purchasing an additional 1,424 shares during the last quarter. SBI Securities Co. Ltd. raised its position in shares of USA Rare Earth by 10,448.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock worth $29,000 after buying an additional 2,612 shares during the period. National Bank of Canada FI raised its position 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 worth $36,000 after buying an additional 1,100 shares during the period. Osaic Holdings Inc. acquired a new position in USA Rare Earth in the second quarter valued at $38,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in USA Rare Earth during the third quarter valued at about $69,000.

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.