USA Rare Earth (NASDAQ:USAR) Stock Price Down 1.9% – Should You Sell?

USA Rare Earth Inc. (NASDAQ:USAR) traded down 1.9% on Wednesday . The stock traded as low as $11.72 and last traded at $11.90. 7,581,307 shares changed hands during trading, an increase of 27% from the average session volume of 5,956,528 shares. The stock had previously closed at $12.13.

Analysts Set New Price Targets

Several equities analysts have commented on USAR shares. Benchmark reissued a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Canaccord Genuity Group lifted their price target on shares of USA Rare Earth from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, November 7th. UBS Group reissued a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. William Blair began coverage on shares of USA Rare Earth in a research note on Monday, October 20th. They set an “outperform” rating for the company. Finally, Roth Capital set a $40.00 target price on shares of USA Rare Earth in a report on Friday, October 10th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, USA Rare Earth has an average rating of “Moderate Buy” and a consensus target price of $26.33.

USA Rare Earth Stock Performance

The company has a market capitalization of $1.58 billion, a PE ratio of -22.88 and a beta of 0.97. The company’s 50-day moving average is $15.45 and its 200 day moving average is $16.20.

USA Rare Earth (NASDAQ:USAR) last issued its earnings results on Thursday, November 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.19).

Institutional Trading of USA Rare Earth

A number of institutional investors and hedge funds have recently modified their holdings of USAR. JPMorgan Chase & Co. bought a new position in shares of USA Rare Earth during the third quarter valued at $734,000. Tudor Investment Corp ET AL purchased a new position in USA Rare Earth in the 3rd quarter worth about $8,304,000. IFP Advisors Inc bought a new position in USA Rare Earth during the 3rd quarter valued at about $214,000. Advisory Services Network LLC lifted its stake in USA Rare Earth by 2.0% during the 3rd quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock valued at $900,000 after acquiring an additional 1,032 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of USA Rare Earth during the 3rd quarter valued at about $686,000.

USA Rare Earth Company Profile

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.