MP Materials (NYSE:MP) Stock Falls 3.5% on Analyst Downgrade

Posted by George Bondi on Nov 10th, 2026

Shares of MP Materials Corp. (NYSE:MP – Get Free Report) fell 3.5% during mid-day trading on Tuesday after Canaccord Genuity Group lowered their price target on the stock from $82.00 to $70.00. Canaccord Genuity Group currently has a buy rating on the stock. MP Materials traded as low as $35.60 and last traded at $36.42. 4,944,406 shares were traded during trading, a decline of 22% from the average daily volume of 6,379,844 shares. The stock had previously closed at $37.75.

Several other analysts have also weighed in on the company. Barclays lowered their target price on MP Materials from $65.00 to $54.00 and set an “overweight” rating on the stock in a report on Monday. Citigroup reaffirmed a “positive” rating on shares of MP Materials in a research note on Wednesday, July 15th. Needham & Company LLC cut their price target on MP Materials from $81.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Zacks Research lowered shares of MP Materials from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 26th. Finally, Wall Street Zen raised shares of MP Materials from a “sell” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.50.

Read Our Latest Analysis on MP

Key Stories Impacting MP Materials

Here are the key news stories impacting MP Materials this week:

Positive Sentiment: MP reported third-quarter revenue of $147.7 million, up 176% year over year, and adjusted EPS of $0.04, beating estimates. Higher NdPr sales and pricing helped results. MP Q3 Earnings Beat Estimates on Higher NdPr Sales and Pricing
Positive Sentiment: Management said customer demand is roughly 10 times planned capacity, with GM magnet shipments approaching. Jefferies also highlighted production growth and the magnet ramp-up after results. MP Q3 Earnings Call Highlights Jefferies highlights rare earth production growth and magnet ramp-up
Neutral Sentiment: China extended its suspension of certain rare-earth export controls until January. That may ease near-term supply concerns, though it is a temporary reprieve ahead of planned U.S.-China talks. China extends rare-earth reprieve
Negative Sentiment: Barclays cut its price target to $54 from $65, and Canaccord lowered its target to $70 from $82. Both firms retained positive ratings—Overweight and Buy, respectively—but the reductions may pressure near-term sentiment. Magnet-factory expansion is also increasing costs. Barclays lowers MP Materials price target Canaccord lowers price target

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MP. State Street Corp grew its holdings in MP Materials by 5.1% during the 2nd quarter. State Street Corp now owns 7,773,746 shares of the company’s stock valued at $435,408,000 after buying an additional 376,519 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of MP Materials by 72.4% in the third quarter. Voya Investment Management LLC now owns 1,482,169 shares of the company’s stock worth $70,092,000 after acquiring an additional 622,641 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of MP Materials in the second quarter worth $65,230,000. Principal Financial Group Inc. lifted its position in shares of MP Materials by 32.4% in the first quarter. Principal Financial Group Inc. now owns 919,083 shares of the company’s stock valued at $44,355,000 after acquiring an additional 225,009 shares in the last quarter. Finally, Alps Advisors Inc. lifted its position in shares of MP Materials by 26.0% in the third quarter. Alps Advisors Inc. now owns 763,110 shares of the company’s stock valued at $36,087,000 after acquiring an additional 157,272 shares in the last quarter. 52.55% of the stock is currently owned by institutional investors and hedge funds.

MP Materials Price Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 9.51 and a quick ratio of 8.56. The firm has a market capitalization of $6.49 billion, a PE ratio of -165.55 and a beta of 2.05. The company has a 50-day moving average price of $45.27 and a 200-day moving average price of $54.30.

MP Materials (NYSE:MP – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. MP Materials had a negative return on equity of 1.21% and a negative net margin of 19.85%. The firm had revenue of $147.66 million during the quarter, compared to analysts’ expectations of $117.37 million. During the same quarter last year, the business posted ($0.10) EPS. The firm’s quarterly revenue was up 175.7% compared to the same quarter last year. Sell-side analysts forecast that MP Materials Corp. will post -0.21 EPS for the current year.

About MP Materials

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MP Materials operates the Mountain Pass rare earth mine and processing facility in California. The site is a major North American source of rare earth materials, which are used in products such as electric vehicles, wind turbines, electronics and defense systems. The company mines and processes rare earth ore into concentrate and separated products, including neodymium-praseodymium (NdPr), a key input for high-strength permanent magnets. MP Materials is also developing domestic magnet manufacturing capabilities to extend its business further along the supply chain.