Shares of USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) traded down 2.9% during trading on Tuesday . The stock traded as low as $33.73 and last traded at $37.54. 44,528,629 shares changed hands during trading, an increase of 942% from the average session volume of 4,273,272 shares. The stock had previously closed at $38.68.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Roth Capital set a $40.00 price objective on shares of USA Rare Earth in a research report on Friday. Canaccord Genuity Group increased their price target on shares of USA Rare Earth from $21.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, September 30th. Wall Street Zen lowered USA Rare Earth from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Cantor Fitzgerald started coverage on USA Rare Earth in a research note on Friday, August 1st. They issued an "overweight" rating and a $16.00 price objective for the company. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of USA Rare Earth in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.00.
View Our Latest Report on USAR
USA Rare Earth Stock Down 2.9%
The firm has a 50 day moving average of $17.76.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.05.
Insider Buying and Selling at USA Rare Earth
In other news, Director Michael Blitzer sold 2,091,849 shares of USA Rare Earth stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $15.75, for a total transaction of $32,946,621.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 46.60% of the company's stock.
Institutional Investors Weigh In On USA Rare Earth
A number of institutional investors and hedge funds have recently bought and sold shares of USAR. NewEdge Advisors LLC raised its holdings in shares of USA Rare Earth by 158.2% in the second 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. raised its holdings in shares of USA Rare Earth by 10,448.0% in 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 in the last quarter. Osaic Holdings Inc. bought a new stake in shares of USA Rare Earth in the 2nd quarter valued at about $38,000. LMR Partners LLP bought a new stake in shares of USA Rare Earth in the 2nd quarter valued at about $145,000. Finally, Diametric Capital LP bought a new position in USA Rare Earth in the second quarter worth approximately $147,000.
About USA Rare Earth
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider USA Rare Earth, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and USA Rare Earth wasn't on the list.
While USA Rare Earth currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
