On September 28, USA Rare Earth Inc. fell 5.04% in regular trading, trading at $14.405 USD/share, with turnover of $170 million.
Within the Diversified Metals & Mining sector where USA Rare Earth Inc. belongs, the overall sector was under broad pressure. Among individual stocks, MP Materials Corp. down 4.98%, BHP Billiton down 0.49%, Teck Resources Ltd down 1.45%, Rio Tinto PLC down 0.21%, HudBay Minerals up 1.24%.
USA Rare Earth Inc. is a vertically integrated rare earth platform company whose operations span rare earth oxide extraction and separation, oxide-to-metal and alloy conversion, and sintered NdFeB permanent magnet production. The company recently completed a $2.8 billion acquisition of Serra Verde Group and broke ground on a $1.2 billion manufacturing facility in South Carolina. Its most recent quarterly report showed revenue of $5.8 million with an adjusted EPS loss of $0.15, missing analyst estimates.
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