USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) Director Carolyn Trabuco sold 13,000 shares of the firm's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $22.77, for a total transaction of $296,010.00. Following the sale, the director directly owned 18,783 shares of the company's stock, valued at $427,688.91. This trade represents a 40.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
USA Rare Earth Trading Down 1.2%
Shares of USAR stock opened at $22.21 on Tuesday. USA Rare Earth Inc. has a 12-month low of $9.32 and a 12-month high of $43.98. The stock has a market capitalization of $4.95 billion, a P/E ratio of -5.67 and a beta of 2.33. The firm's 50 day moving average is $22.33 and its 200 day moving average is $19.34.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last posted its earnings results on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.04. The company had revenue of $5.70 million during the quarter. As a group, equities analysts predict that USA Rare Earth Inc. will post -0.35 earnings per share for the current year.
Institutional Investors Weigh In On USA Rare Earth
Hedge funds have recently modified their holdings of the business. Larson Financial Group LLC grew its position in shares of USA Rare Earth by 217.5% during the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company's stock valued at $25,000 after acquiring an additional 1,433 shares during the period. NewEdge Advisors LLC grew its position in shares of 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 during the period. Ascentis Independent Advisors bought a new stake in shares of USA Rare Earth during the 1st quarter valued at $27,000. Center for Financial Planning Inc. bought a new stake in shares of USA Rare Earth during the 4th quarter valued at $28,000. Finally, Havemeyer Place LP bought a new stake in shares of USA Rare Earth during the 4th quarter valued at $33,000.
Wall Street Analyst Weigh In
USAR has been the subject of a number of research analyst reports. Roth Mkm reaffirmed a "buy" rating on shares of USA Rare Earth in a research report on Thursday. Needham & Company LLC initiated coverage on shares of USA Rare Earth in a research report on Monday, June 1st. They issued a "buy" rating and a $39.00 target price for the company. Benchmark reaffirmed a "buy" rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Wedbush lifted their target price on shares of USA Rare Earth from $29.00 to $35.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 12th. Finally, Canaccord Genuity Group lifted their target price on shares of USA Rare Earth from $29.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Nine investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $36.83.
View Our Latest Stock Analysis on USAR
USA Rare Earth Company Profile
(
Get Free Report)
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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