USA Rare Earth (NASDAQ:USAR) Shares Down 3.4% - What's Next?

Key Points

• USA Rare Earth shares fell 3.4% to $17.06 in heavy trading, below both the 50-day moving average of $17.50 and the 200-day average of $19.96.
• Analyst sentiment remains broadly positive, with ten Buy ratings and one Sell rating producing a “Moderate Buy” consensus and an average price target of $33.71. However, Roth Capital recently lowered its target from $40 to $30.
• The development-stage critical minerals company reported a quarterly loss of $0.15 per share, missing estimates by $0.08, on $5.82 million in revenue; analysts expect a full-year loss of $0.62 per share.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) was down 3.4% on Wednesday . The company traded as low as $17.01 and last traded at $17.06. 10,541,708 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 16,370,601 shares. The stock had previously closed at $17.66.

Analyst Ratings Changes

A number of research firms have recently commented on USAR. Roth Capital cut their price objective on USA Rare Earth from $40.00 to $30.00 and set a "buy" rating for the company in a research report on Tuesday, July 21st. Wedbush lifted their price target on shares of USA Rare Earth from $29.00 to $35.00 and gave the company an "outperform" rating in a research note on Tuesday, May 12th. Benchmark reissued a "buy" rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Weiss Ratings lowered shares of USA Rare Earth from a "sell (d)" rating to a "sell (d-)" rating in a research report on Tuesday, August 11th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of USA Rare Earth in a research note on Tuesday, August 11th. Ten investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $33.71.

USA Rare Earth Stock Performance

The business has a 50-day simple moving average of $17.50 and a two-hundred day simple moving average of $19.96. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of -7.02 and a beta of 2.58.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $5.82 million during the quarter. Research analysts predict that USA Rare Earth Inc. will post -0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On USA Rare Earth

Institutional investors have recently added to or reduced their stakes in the business. MCF Advisors LLC acquired a new stake in shares of USA Rare Earth in the 2nd quarter valued at approximately $43,000. RFG Advisory LLC boosted its position in shares of USA Rare Earth by 459.1% during the 2nd quarter. RFG Advisory LLC now owns 59,835 shares of the company's stock worth $1,291,000 after purchasing an additional 49,133 shares in the last quarter. IFP Advisors Inc grew its stake in shares of USA Rare Earth by 477.4% during the 2nd quarter. IFP Advisors Inc now owns 67,896 shares of the company's stock worth $1,465,000 after purchasing an additional 56,137 shares during the period. Arizona State Retirement System lifted its stake in shares of USA Rare Earth by 129.7% in the second quarter. Arizona State Retirement System now owns 48,117 shares of the company's stock valued at $1,038,000 after purchasing an additional 27,166 shares during the period. Finally, Nykredit A S acquired a new position in USA Rare Earth during the second quarter worth about $115,000.

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.

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