USA Rare Earth (NASDAQ:USAR) Stock Price Down 3.1% - Here's Why

Key Points

• Shares fell 3.1% in mid-day trading to about $25.51 (session low $25.39) on roughly 19.8 million shares traded, slightly above average, giving the company a market cap near $5.56 billion.
• Analysts are largely positive with a consensus rating of "Moderate Buy" (eight Buys, one Sell) and an average price target of $34.20 after several firms initiated coverage or raised targets.
• The company remains a development-stage rare earths and lithium play centered on the Round Top deposit; it reported a quarterly miss (EPS -$0.19 vs. -$0.12 expected) and is progressing toward pilot processing and on-site separation facilities.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report)'s stock price fell 3.1% during mid-day trading on Monday . The company traded as low as $25.39 and last traded at $25.5050. 19,797,072 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 18,841,584 shares. The stock had previously closed at $26.33.

Analysts Set New Price Targets

Several research analysts have recently weighed in on USAR shares. Northland Securities assumed coverage on shares of USA Rare Earth in a report on Thursday, April 23rd. They set an "outperform" rating and a $45.00 price objective on the stock. Benchmark assumed coverage on shares of USA Rare Earth in a research note on Wednesday, January 21st. They set a "buy" rating on the stock. Canaccord Genuity Group lifted their target price on USA Rare Earth from $29.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Cantor Fitzgerald lifted their price target on shares of USA Rare Earth from $28.00 to $35.00 and gave the stock an "overweight" rating in a research note on Friday, January 30th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of USA Rare Earth in a research note on Friday, March 27th. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.20.

USA Rare Earth Stock Performance

The business has a 50 day simple moving average of $18.81 and a 200-day simple moving average of $18.43. The stock has a market capitalization of $5.56 billion, a P/E ratio of -8.50 and a beta of 2.38.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last posted its quarterly earnings data on Monday, March 30th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.07). The firm had revenue of $1.64 million for the quarter. Equities research analysts forecast that USA Rare Earth Inc. will post -0.76 EPS for the current fiscal year.

Institutional Trading of USA Rare Earth

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC lifted its stake in shares of USA Rare Earth by 217.5% in the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company's stock worth $25,000 after buying an additional 1,433 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company's stock valued at $25,000 after buying an additional 1,424 shares in the last quarter. Ascentis Independent Advisors acquired a new position in shares of USA Rare Earth in the 1st quarter worth approximately $27,000. Center for Financial Planning Inc. acquired a new position in shares of USA Rare Earth in the 4th quarter worth approximately $28,000. Finally, Havemeyer Place LP acquired a new position in shares of USA Rare Earth in the 4th quarter worth approximately $33,000.

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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