MP Materials Corp. (NYSE:MP – Get Free Report)’s share price traded up 3.3% during mid-day trading on Friday after an insider bought additional shares in the company. The stock traded as high as $39.79 and last traded at $38.7030. 7,865,774 shares were traded during mid-day trading, an increase of 23% from the average daily volume of 6,395,684 shares. The stock had previously closed at $37.45.
Specifically, CFO Ryan Corbett purchased 5,476 shares of MP Materials stock in a transaction dated Tuesday, November 10th. The stock was acquired at an average cost of $36.25 per share, for a total transaction of $198,505.00. Following the acquisition, the chief financial officer directly owned 114,493 shares in the company, valued at $4,150,371.25. This represents a 5.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Randall Weisenburger purchased 55,000 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was purchased at an average cost of $36.00 per share, with a total value of $1,980,000.00. Following the purchase, the director owned 205,899 shares in the company, valued at $7,412,364. This represents a 36.45% increase in their position. The SEC filing for this purchase provides additional information. In other news, COO Michael Rosenthal acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 11th. The shares were purchased at an average price of $37.30 per share, for a total transaction of $186,500.00. Following the completion of the acquisition, the chief operating officer owned 1,365,673 shares of the company’s stock, valued at approximately $50,939,602.90. This represents a 0.37% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of MP Materials from a “sell” rating to a “hold” rating in a research report on Saturday, November 7th. JPMorgan Chase & Co. reduced their target price on shares of MP Materials from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Canaccord Genuity Group decreased their target price on shares of MP Materials from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of MP Materials in a research note on Thursday, October 15th. Finally, Morgan Stanley dropped their price target on shares of MP Materials from $73.00 to $66.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.50.
Check Out Our Latest Stock Report on MP Materials
Key Headlines Impacting MP Materials
Investors following MP have been watching these headlines:
- Positive Sentiment: MP’s third-quarter revenue jumped 176% year over year, driven by higher neodymium-praseodymium (NdPr) prices, increased sales volumes and heavy rare earth sales. The results also beat analysts’ estimates, though investors are weighing whether the growth can continue. MP’s Q3 Revenues Jump 176%
- Positive Sentiment: Investors bought 41,214 MP call options Friday, about 64% above typical volume. The activity may signal bullish positioning, though options trading alone does not establish the reason or direction of future moves.
- Neutral Sentiment: A market wrap reported bullish calls on MP, while broader trading commentary described investor preference for established rare-earth producers with revenue. Wall Street Wrap
MP Materials Stock Up 3.3%
The business has a 50-day simple moving average of $44.22 and a two-hundred day simple moving average of $53.85. The company has a market cap of $6.89 billion, a price-to-earnings ratio of -175.92 and a beta of 2.05. The company has a quick ratio of 6.04, a current ratio of 6.75 and a debt-to-equity ratio of 0.48.
MP Materials (NYSE:MP – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. The company had revenue of $147.66 million during the quarter, compared to the consensus estimate of $117.37 million. MP Materials had a negative return on equity of 0.05% and a negative net margin of 9.90%. The firm’s revenue was up 175.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.10) EPS. As a group, equities analysts forecast that MP Materials Corp. will post -0.21 earnings per share for the current fiscal year.
Institutional Investors Weigh In On MP Materials
Several institutional investors and hedge funds have recently added to or reduced their stakes in MP. Bank of New York Mellon Corp bought a new stake in MP Materials during the second quarter worth approximately $65,230,000. State Street Corp grew its holdings in MP Materials by 12.1% during the third quarter. State Street Corp now owns 8,717,104 shares of the company’s stock valued at $412,232,000 after purchasing an additional 943,358 shares during the last quarter. Voya Investment Management LLC grew its holdings in MP Materials by 72.4% during the third quarter. Voya Investment Management LLC now owns 1,482,169 shares of the company’s stock valued at $70,092,000 after purchasing an additional 622,641 shares during the last quarter. Amundi raised its position in shares of MP Materials by 260.2% in the first quarter. Amundi now owns 385,001 shares of the company’s stock valued at $18,580,000 after purchasing an additional 278,126 shares during the period. Finally, BNP Paribas raised its position in shares of MP Materials by 979.0% in the third quarter. BNP Paribas now owns 302,127 shares of the company’s stock valued at $14,288,000 after purchasing an additional 274,127 shares during the period. 52.55% of the stock is currently owned by institutional investors and hedge funds.
About MP Materials
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.
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