USA Rare Earth (NASDAQ:USAR) Shares Down 7% – Should You Sell?

USA Rare Earth Inc. (NASDAQ:USAR) shares fell 7% during mid-day trading on Friday . The stock traded as low as $13.00 and last traded at $13.51. 7,429,001 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 5,940,674 shares. The stock had previously closed at $14.53.

Analyst Upgrades and Downgrades

USAR has been the topic of several research analyst reports. Roth Capital set a $40.00 target price on shares of USA Rare Earth in a report on Friday, October 10th. Benchmark reissued a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a report on Monday, December 22nd. UBS Group reaffirmed a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Finally, William Blair assumed coverage on USA Rare Earth in a report on Monday, October 20th. They set an “outperform” rating for the company. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, USA Rare Earth currently has a consensus rating of “Moderate Buy” and an average price target of $26.33.

USA Rare Earth Price Performance

The stock’s 50-day moving average price is $16.62 and its 200 day moving average price is $16.26. The firm has a market cap of $1.79 billion, a P/E ratio of -25.98 and a beta of 0.91.

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

Institutional Trading of USA Rare Earth

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its stake in USA Rare Earth by 158.2% in the second 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 in the last quarter. SBI Securities Co. Ltd. boosted its holdings 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 valued at $29,000 after buying an additional 2,612 shares during the last quarter. National Bank of Canada FI boosted its holdings 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 valued at $36,000 after buying an additional 1,100 shares during the last quarter. Osaic Holdings Inc. bought a new position in shares of USA Rare Earth in the second quarter valued at $38,000. Finally, KLP Kapitalforvaltning AS acquired a new position in USA Rare Earth during the third quarter worth $69,000.

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.