MP Materials (NYSE:MP – Get Free Report) was upgraded by Barclays to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.
Other equities research analysts have also issued reports about the company. Morgan Stanley raised their target price on MP Materials from $62.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of MP Materials in a research report on Tuesday, May 12th. Wedbush raised their target price on MP Materials from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Wall Street Zen raised MP Materials from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, TD Securities raised MP Materials to a “strong-buy” rating in a research report on Monday, February 9th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $80.08.
Get Our Latest Stock Analysis on MP Materials
MP Materials Price Performance
MP Materials (NYSE:MP – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. MP Materials had a negative return on equity of 2.27% and a negative net margin of 28.00%.The business had revenue of $90.65 million for the quarter, compared to analysts’ expectations of $74.82 million. During the same period last year, the business earned ($0.12) EPS. The business’s revenue was up 49.1% on a year-over-year basis. As a group, analysts forecast that MP Materials will post -0.04 EPS for the current fiscal year.
Insider Buying and Selling at MP Materials
In other MP Materials news, CEO James H. Litinsky sold 259,179 shares of MP Materials stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $64.03, for a total transaction of $16,595,231.37. Following the completion of the transaction, the chief executive officer owned 12,505,965 shares of the company’s stock, valued at $800,756,938.95. The trade was a 2.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ryan Corbett sold 46,000 shares of MP Materials stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $60.00, for a total value of $2,760,000.00. Following the transaction, the chief financial officer directly owned 129,017 shares of the company’s stock, valued at $7,741,020. The trade was a 26.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 666,000 shares of company stock valued at $43,103,382 in the last quarter. 8.20% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. EMC Capital Management purchased a new position in MP Materials during the 4th quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. purchased a new position in MP Materials during the 4th quarter valued at about $26,000. REAP Financial Group LLC purchased a new position in MP Materials during the 4th quarter valued at about $26,000. Financial Consulate Inc. boosted its position in shares of MP Materials by 555.3% during the 4th quarter. Financial Consulate Inc. now owns 557 shares of the company’s stock valued at $28,000 after acquiring an additional 472 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of MP Materials during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 52.55% of the company’s stock.
Key Headlines Impacting MP Materials
Here are the key news stories impacting MP Materials this week:
- Positive Sentiment: Barclays initiated coverage of MP Materials with a Buy rating and a $69 price target, reinforcing the broader bullish Wall Street view that has most analysts rating the stock a Buy. MP Stock Stays Perfect but Trading Has Been Strange Lately
- Positive Sentiment: MP’s COO, Michael Stuart Rosenthal, disclosed the purchase of 17,000 shares, a move investors often view as a confidence signal from management. Michael Stuart Rosenthal Buys 17,000 Shares of MP Materials (NYSE:MP) Stock
- Neutral Sentiment: Rare-earth stocks broadly rallied on funding news and fading China fears, which supported MP alongside peers, but the move also reflected sector volatility rather than a company-specific catalyst. Rare Earth Stocks Rally On Funding News, Fading China Fears
- Neutral Sentiment: MP’s latest earnings update showed strong revenue growth and a narrower operating loss, but the company remains unprofitable, keeping investors cautious about the pace of a turnaround. MP’s Operating Losses Continue in Q1: Can It Revert to Profitability?
- Negative Sentiment: A comparison piece argued that Idaho Strategic has the edge over MP Materials thanks to profitability, rising earnings, and a lower valuation, highlighting competitive and valuation concerns for MP. MP Materials vs. IDR: Which Mining Stock Has More Upside?
MP Materials Company Profile
MP Materials Corporation operates as a vertically integrated producer of rare earth materials in North America. The company owns and manages the Mountain Pass Rare Earth Mine and Processing Facility in California, the only commercially viable rare earth mining and processing site in the United States. MP Materials extracts, separates and refines critical rare earth elements—such as neodymium, praseodymium, and cerium—which are essential inputs for permanent magnets used in electric vehicles, wind turbines, and various defense applications.
The Mountain Pass mine first began commercial rare earth production in the 1950s and was later operated by Molycorp until its bankruptcy in 2015.
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