MP Materials Corp. (NYSE:MP – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $71.92.
A number of equities research analysts have commented on the company. Freedom Broker started coverage on MP Materials in a research note on Wednesday, September 16th. They issued a “hold” rating and a $57.00 price target for the company. Citigroup restated a “positive” rating on shares of MP Materials in a research note on Wednesday, July 15th. Needham & Company LLC cut their price objective on shares of MP Materials from $81.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. DA Davidson reaffirmed a “buy” rating and issued a $82.00 price objective on shares of MP Materials in a research report on Monday, August 24th. Finally, Wall Street Zen downgraded shares of MP Materials from a “hold” rating to a “sell” rating in a research report on Sunday, October 11th.
Get Our Latest Research Report on MP
MP Materials Stock Performance
Shares of MP stock opened at $39.46 on Friday. The business’s fifty day simple moving average is $47.95 and its 200-day simple moving average is $55.22. The company has a market cap of $7.03 billion, a PE ratio of -116.06 and a beta of 1.98. The company has a current ratio of 9.51, a quick ratio of 8.56 and a debt-to-equity ratio of 0.48. MP Materials has a 12-month low of $37.11 and a 12-month high of $76.80.
MP Materials (NYSE:MP – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). MP Materials had a negative return on equity of 1.21% and a negative net margin of 19.85%. The firm had revenue of $108.49 million during the quarter, compared to analyst estimates of $96.89 million. During the same quarter in the prior year, the business posted ($0.13) EPS. The business’s revenue for the quarter was up 89.0% compared to the same quarter last year. Analysts expect that MP Materials will post -0.20 earnings per share for the current fiscal year.
Hedge Funds Weigh In On MP Materials
A number of institutional investors have recently bought and sold shares of MP. Bank of New York Mellon Corp purchased a new stake in MP Materials during the 2nd quarter valued at about $65,230,000. State Street Corp raised its holdings in MP Materials by 5.1% in the 2nd quarter. State Street Corp now owns 7,773,746 shares of the company’s stock valued at $435,408,000 after acquiring an additional 376,519 shares during the last quarter. Amundi lifted its stake in MP Materials by 260.2% in the 1st quarter. Amundi now owns 385,001 shares of the company’s stock worth $18,580,000 after purchasing an additional 278,126 shares in the last quarter. Principal Financial Group Inc. lifted its stake in MP Materials by 32.4% in the 1st quarter. Principal Financial Group Inc. now owns 919,083 shares of the company’s stock worth $44,355,000 after purchasing an additional 225,009 shares in the last quarter. Finally, Teamwork Financial Advisors LLC purchased a new position in MP Materials in the 2nd quarter worth approximately $10,648,000. 52.55% of the stock is owned by hedge funds and other institutional investors.
MP Materials News Roundup
Here are the key news stories impacting MP Materials this week:
- Positive Sentiment: MP’s long-term outlook continues to benefit from its Pentagon agreement, which includes a 10-year price floor for neodymium-praseodymium products, financing and purchase commitments connected to expanding U.S. magnet production. The support could improve revenue visibility and reduce commodity-price risk. Should You Buy MP Materials Stock at $38?
- Neutral Sentiment: InvestorPlace highlighted MP as a government-backed “Trump stock,” but cautioned that federal support for production economics is not a floor under the stock price. Investors may therefore be reassessing how much of the government-policy premium is already reflected in MP’s valuation, particularly ahead of the November midterm elections. Do This Before You Buy Another Trump Stock
- Negative Sentiment: MP Materials fell alongside other rare-earth shares as traders adopted a risk-off stance. The selloff was part of broader weakness in the group, rather than a company-specific announcement, but it underscores the sector’s high volatility. Rare-Earth Stocks Slide
- Negative Sentiment: Analysts expect another negative earnings report next week, and Zacks says MP does not currently show the combination of earnings and estimate-revision trends typically associated with a likely earnings beat. With the company still unprofitable, earnings uncertainty is adding to selling pressure. MP Materials May Report Negative Earnings
About MP Materials
MP Materials Corp. is a rare earth materials company focused on restoring and expanding a fully integrated rare earth supply chain in the United States. The company owns and operates the Mountain Pass rare earth mine and processing facility in California, one of the largest rare earth production sites in the Western Hemisphere.
MP Materials primarily produces rare earth concentrate containing neodymium and praseodymium, elements used in high-strength permanent magnets. These magnets are important components in electric vehicles, wind turbines, robotics, defense systems, and other advanced technologies.
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