USA Rare Earth (NASDAQ:USAR) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• USA Rare Earth has received a Sell (D-) rating from Weiss Ratings, indicating unfavorable sentiment among analysts.
• The company's stock price recently dropped to $27.02, reflecting significant trading volume and a large fluctuation from its 52-week high of $30.92.
• Investment analysts show mixed opinions on the stock, with three having a Buy rating and one a Sell rating, leading to a consensus rating of Moderate Buy.

USA Rare Earth (NASDAQ:USAR - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

USAR has been the topic of several other research reports. Roth Capital restated a "buy" rating on shares of USA Rare Earth in a research note on Monday, September 29th. Wall Street Zen cut USA Rare Earth from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Cantor Fitzgerald initiated coverage on USA Rare Earth in a research note on Friday, August 1st. They set an "overweight" rating and a $16.00 price objective on the stock. Finally, Canaccord Genuity Group raised their price target on USA Rare Earth from $21.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, September 30th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, USA Rare Earth currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.67.

USA Rare Earth Stock Performance

Shares of USAR traded down $1.25 during midday trading on Wednesday, hitting $27.02. The company had a trading volume of 14,866,462 shares, compared to its average volume of 10,837,619. The firm has a 50 day moving average price of $16.53. USA Rare Earth has a 52 week low of $5.56 and a 52 week high of $30.92.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.05.

Insiders Place Their Bets

In other USA Rare Earth news, Director Michael Blitzer sold 2,091,849 shares of USA Rare Earth stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $15.75, for a total transaction of $32,946,621.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 46.60% of the stock is owned by insiders.

Institutional Trading of USA Rare Earth

Several hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its stake in USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company's stock valued at $25,000 after acquiring an additional 1,424 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of USA Rare Earth by 10,448.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company's stock valued at $29,000 after purchasing an additional 2,612 shares during the period. Osaic Holdings Inc. acquired a new position in shares of USA Rare Earth during the 2nd quarter valued at $38,000. Titleist Asset Management LLC increased its position in shares of USA Rare Earth by 20.2% during the 2nd quarter. Titleist Asset Management LLC now owns 29,380 shares of the company's stock valued at $322,000 after purchasing an additional 4,930 shares during the period. Finally, LMR Partners LLP acquired a new position in shares of USA Rare Earth during the 2nd quarter valued at $145,000.

About USA Rare Earth

USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.

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