USA Rare Earth (NASDAQ:USAR) Stock Price Down 4.5% – Should You Sell?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price was down 4.5% during mid-day trading on Tuesday . The company traded as low as $12.07 and last traded at $12.13. Approximately 6,795,409 shares were traded during trading, an increase of 14% from the average daily volume of 5,946,131 shares. The stock had previously closed at $12.70.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on USAR shares. William Blair initiated coverage on USA Rare Earth in a research report on Monday, October 20th. They issued an “outperform” rating on the stock. Canaccord Genuity Group raised their price target on USA Rare Earth from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a report on Monday. Finally, UBS Group reaffirmed a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.33.

USA Rare Earth Price Performance

The company has a 50 day moving average of $16.24 and a two-hundred day moving average of $16.27. The company has a market capitalization of $1.61 billion, a PE ratio of -23.33 and a beta of 0.92.

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

Institutional Investors Weigh In On USA Rare Earth

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pier 88 Investment Partners LLC purchased a new stake in shares of USA Rare Earth in the 2nd quarter worth approximately $588,000. Farther Finance Advisors LLC raised its stake in USA Rare Earth by 1,461,225.0% during the third quarter. Farther Finance Advisors LLC now owns 58,453 shares of the company’s stock valued at $1,005,000 after buying an additional 58,449 shares during the last quarter. Newtyn Management LLC bought a new stake in USA Rare Earth in the first quarter worth $4,114,000. Darwin Wealth Management LLC purchased a new stake in shares of USA Rare Earth in the third quarter worth $693,000. Finally, Titleist Asset Management LLC purchased a new stake in shares of USA Rare Earth in the first quarter worth $145,000.

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.