USA Rare Earth (NASDAQ:USAR) Shares Down 5% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR) traded down 5% during trading on Monday. The stock traded as low as $14.37 and last traded at $14.42. Approximately 13,550,415 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 16,162,714 shares. The stock had previously closed at $15.18.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on USAR shares. Cantor Fitzgerald reiterated an “overweight” rating on shares of USA Rare Earth in a research note on Tuesday, August 11th. Needham & Company LLC decreased their target price on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Benchmark reaffirmed a “buy” rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Weiss Ratings lowered shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group started coverage on shares of USA Rare Earth in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $21.00 price objective for the company. Ten equities 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 presently has an average rating of “Moderate Buy” and a consensus price target of $33.71.

USA Rare Earth Price Performance

The company has a 50-day moving average price of $16.91 and a 200 day moving average price of $19.66. The firm has a market capitalization of $3.53 billion, a PE ratio of -5.93 and a beta of 2.58.

USA Rare Earth (NASDAQ:USAR) last released 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 company had revenue of $5.82 million during the quarter. As a group, research analysts anticipate that USA Rare Earth Inc. will post -0.62 earnings per share for the current year.

Institutional Investors Weigh In On USA Rare Earth

A number of institutional investors have recently added to or reduced their stakes in the stock. MCF Advisors LLC purchased a new position in shares of USA Rare Earth in the second quarter worth $43,000. RFG Advisory LLC boosted its position in shares of 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 acquiring an additional 49,133 shares during the last quarter. IFP Advisors Inc grew its stake in USA Rare Earth by 477.4% during the second quarter. IFP Advisors Inc now owns 67,896 shares of the company’s stock valued at $1,465,000 after acquiring an additional 56,137 shares in the last quarter. Arizona State Retirement System grew its stake 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 valued at $1,038,000 after acquiring an additional 27,166 shares in the last quarter. Finally, Nykredit A S bought a new stake in USA Rare Earth in the 2nd quarter valued at $115,000.

USA Rare Earth Company Profile

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.