MP Materials (NYSE:MP) COO Michael Stuart Rosenthal Purchases 5,000 Shares of Company Stock

MP Materials Corp. (NYSE:MP) COO Michael Rosenthal acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 11th. The stock was acquired at an average price of $37.30 per share, with a total value of $186,500.00. Following the acquisition, the chief operating officer directly 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Michael Stuart Rosenthal also recently made the following trade(s):

• On Tuesday, November 10th, Michael Rosenthal bought 27,000 shares of MP Materials stock. The shares were acquired at an average price of $36.61 per share, for a total transaction of $988,470.00.

MP Materials Price Performance

MP Materials stock opened at $37.49 on Friday. 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 Corp. has a 52-week low of $31.90 and a 52-week high of $76.80. The firm has a market cap of $6.68 billion, a PE ratio of -170.39 and a beta of 2.05. The company’s 50 day moving average is $44.22 and its two-hundred day moving average is $53.85.

MP Materials (NYSE:MP) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.06. The business had revenue of $147.66 million during the quarter, compared to the consensus estimate of $117.37 million. MP Materials had a negative net margin of 9.90% and a negative return on equity of 0.05%. The company’s quarterly revenue was up 175.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. On average, research analysts expect that MP Materials Corp. will post -0.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Canaccord Genuity Group decreased their target price on MP Materials from $82.00 to $70.00 and set a “buy” rating for the company in a report on Monday. Freedom Broker upgraded MP Materials from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Tuesday. Robert W. Baird reduced their price target on MP Materials from $80.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, October 1st. Needham & Company LLC reduced their price target on MP Materials from $81.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on MP Materials from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, MP Materials presently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in shares of MP Materials in the 2nd quarter valued at approximately $65,230,000. State Street Corp raised its holdings in shares of MP Materials by 12.1% in the 3rd 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 in the last quarter. Voya Investment Management LLC raised its holdings in shares of MP Materials by 72.4% in the 3rd 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 in the last quarter. Amundi raised its holdings in shares of MP Materials by 260.2% in the 1st quarter. Amundi now owns 385,001 shares of the company’s stock valued at $18,580,000 after purchasing an additional 278,126 shares in the last quarter. Finally, BNP Paribas lifted its position in shares of MP Materials by 979.0% during the 3rd quarter. BNP Paribas now owns 302,127 shares of the company’s stock worth $14,288,000 after purchasing an additional 274,127 shares during the last quarter. Institutional investors and hedge funds own 52.55% of the company’s stock.

MP Materials News Roundup

Investors following MP have been watching these news items:

• Positive Sentiment: Three insiders—including the CFO, COO and a director—bought more than $3.35 million of MP shares. The purchases may signal confidence, and came after the company began shipping saleable magnets to General Motors. MP Materials Stock Rises After Insiders Buy $3.35 Million
• Positive Sentiment: Some investors have favored MP over smaller critical-minerals names, viewing it as a leading U.S. rare-earth producer with established revenue. Traders Pick Winners Among Critical-Minerals Stocks
• Negative Sentiment: Potential congressional review of the government’s $400 million equity stake and related support adds policy uncertainty around the company. Federal Stake Draws Scrutiny

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.