USA Rare Earth (NASDAQ:USAR) Stock Falls 1.3% - What's Next?

Key Points

• USA Rare Earth shares fell 1.3% to $15.18, with trading volume about 38% below the average session level. The stock remains below its 50-day and 200-day moving averages.
• Analyst sentiment remains broadly positive, with 10 Buy ratings and one Sell rating and an average price target of $33.71, although several firms recently lowered their targets.
• The company reported a quarterly loss of $0.15 per share, missing the $0.07 consensus estimate, on $5.82 million in revenue. USA Rare Earth is developing the Round Top project in Texas to build a domestic rare-earth and critical-minerals supply chain.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report)'s share price dropped 1.3% during trading on Friday. The company traded as low as $15.03 and last traded at $15.18. Approximately 9,957,061 shares were traded during trading, a decline of 38% from the average session volume of 16,175,900 shares. The stock had previously closed at $15.38.

Analysts Set New Price Targets

USAR has been the subject of a number of research reports. Weiss Ratings downgraded shares of USA Rare Earth from a "sell (d)" rating to a "sell (d-)" rating in a research report on Tuesday, August 11th. Needham & Company LLC reduced their price objective on USA Rare Earth from $39.00 to $33.00 and set a "buy" rating for the company in a research note on Wednesday, July 22nd. Roth Capital decreased their price objective on USA Rare Earth from $40.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, July 21st. Benchmark restated a "buy" rating on shares of USA Rare Earth in a research note on Wednesday, June 3rd. Finally, Jefferies Financial Group assumed coverage on USA Rare Earth in a report on Wednesday, September 2nd. They set a "buy" rating and a $21.00 target price on the stock. Ten analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $33.71.

USA Rare Earth Price Performance

The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of -6.25 and a beta of 2.58. The firm has a fifty day simple moving average of $16.92 and a 200 day simple moving average of $19.69.

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

Institutional Investors Weigh In On USA Rare Earth

Large investors have recently bought and sold shares of the stock. MCF Advisors LLC purchased a new position in USA Rare Earth during the 2nd quarter worth $43,000. RFG Advisory LLC boosted its holdings in USA Rare Earth by 459.1% during the second quarter. RFG Advisory LLC now owns 59,835 shares of the company's stock worth $1,291,000 after buying an additional 49,133 shares in the last quarter. IFP Advisors Inc boosted its holdings in USA Rare Earth by 477.4% during the second quarter. IFP Advisors Inc now owns 67,896 shares of the company's stock worth $1,465,000 after buying an additional 56,137 shares in the last quarter. Arizona State Retirement System grew its position in USA Rare Earth by 129.7% during the second quarter. Arizona State Retirement System now owns 48,117 shares of the company's stock worth $1,038,000 after buying an additional 27,166 shares during the period. Finally, Nykredit A S purchased a new position in USA Rare Earth in the second quarter valued at about $115,000.

About USA Rare Earth

USA Rare Earth, Inc is a U.S.-focused critical minerals company developing an integrated rare earth supply chain. Its activities center on the production of rare earth materials used in permanent magnets, electric vehicles, wind turbines, defense systems, electronics and other advanced technologies.

The company's principal asset is the Round Top rare earth and critical minerals project in Hudspeth County, Texas. USA Rare Earth is advancing plans to mine and process ore from Round Top and produce separated rare earth oxides and other critical mineral products, including materials containing neodymium, praseodymium, dysprosium and terbium.

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