USA Rare Earth (NASDAQ:USAR) Stock Price Down 6.5% - Here's What Happened

Key Points

• USA Rare Earth shares fell 6.5% to $17.99 during Friday trading, with approximately 12.86 million shares changing hands. The stock’s market capitalization is about $4.01 billion.
• Analyst sentiment remains broadly positive: nine analysts rate the stock Buy and one rates it Sell, producing a consensus “Moderate Buy” rating and an average price target of $35.83.
• The company reported a quarterly loss of $0.15 per share, missing expectations by $0.08, while generating $5.82 million in revenue. An insider also sold 13,000 shares at an average price of $22.77.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) shares fell 6.5% during trading on Friday . The company traded as low as $17.81 and last traded at $17.99. Approximately 12,857,167 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 16,565,467 shares. The stock had previously closed at $19.25.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on USAR. Wall Street Zen raised shares of USA Rare Earth from a "strong sell" rating to a "sell" rating in a research note on Saturday, May 16th. Wedbush lifted their price objective on shares of USA Rare Earth from $29.00 to $35.00 and gave the company an "outperform" rating in a report on Tuesday, May 12th. Needham & Company LLC dropped their target price on USA Rare Earth from $39.00 to $33.00 and set a "buy" rating on the stock in a research report on Wednesday, July 22nd. Benchmark reaffirmed a "buy" rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Finally, Roth Capital dropped their price objective on USA Rare Earth from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.83.

USA Rare Earth Trading Down 6.5%

The stock has a market cap of $4.01 billion, a price-to-earnings ratio of -7.41 and a beta of 2.55. The firm's 50-day moving average is $18.20 and its two-hundred day moving average is $20.11.

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

Insider Transactions at USA Rare Earth

In other news, Director Carolyn Trabuco sold 13,000 shares of the company's stock in a transaction on Monday, June 8th. The shares were sold at an average price of $22.77, for a total transaction of $296,010.00. Following the completion of the sale, the director owned 18,783 shares of the company's stock, valued at $427,688.91. This represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.10% of the stock is currently owned by company insiders.

Institutional Trading of USA Rare Earth

Several large investors have recently bought and sold shares of the business. Carlson Financial Inc. lifted its stake in USA Rare Earth by 5.7% in the 2nd quarter. Carlson Financial Inc. now owns 11,780 shares of the company's stock worth $254,000 after purchasing an additional 635 shares in the last quarter. Sterling Capital Management LLC lifted its position in USA Rare Earth by 29.1% during the first quarter. Sterling Capital Management LLC now owns 3,676 shares of the company's stock worth $56,000 after buying an additional 829 shares in the last quarter. Pier 88 Investment Partners LLC lifted its position in USA Rare Earth by 2.5% during the fourth quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company's stock worth $413,000 after buying an additional 840 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in USA Rare Earth by 20.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company's stock worth $66,000 after buying an additional 936 shares during the last quarter. Finally, First PREMIER Bank grew its holdings in USA Rare Earth by 100.0% in the 2nd quarter. First PREMIER Bank now owns 2,000 shares of the company's stock valued at $43,000 after buying an additional 1,000 shares in the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source