MP Materials (NYSE:MP) COO Purchases $962,540.00 in Stock

MP Materials Corp. (NYSE:MP) COO Michael Stuart Rosenthal acquired 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $56.62 per share, with a total value of $962,540.00. Following the transaction, the chief operating officer directly owned 1,333,673 shares in the company, valued at $75,512,565.26. The trade was a 1.29% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

MP Materials Trading Up 4.3%

Shares of MP opened at $64.42 on Friday. MP Materials Corp. has a 12-month low of $18.64 and a 12-month high of $100.25. The company has a quick ratio of 6.58, a current ratio of 7.18 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of -153.37 and a beta of 1.90. The stock’s 50-day moving average price is $58.67 and its 200 day moving average price is $59.17.

MP Materials (NYSE:MP) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) 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 firm had revenue of $90.65 million for the quarter, compared to analyst estimates of $74.82 million. During the same period in the previous year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was up 49.1% compared to the same quarter last year. As a group, research analysts predict that MP Materials Corp. will post -0.04 earnings per share for the current year.

Institutional Investors Weigh In On MP Materials

Several large investors have recently modified their holdings of the stock. BankChampaign National Association bought a new stake in shares of MP Materials in the 1st quarter valued at approximately $477,000. Alexander Labrunerie & CO. Inc. bought a new stake in shares of MP Materials in the 1st quarter valued at approximately $1,034,000. South Dakota Investment Council grew its stake in shares of MP Materials by 516.1% in the 1st quarter. South Dakota Investment Council now owns 51,809 shares of the company’s stock valued at $2,500,000 after purchasing an additional 43,400 shares during the period. Amundi grew its stake 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 during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of MP Materials by 41.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,336 shares of the company’s stock valued at $113,000 after purchasing an additional 679 shares during the period. 52.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on MP. Wall Street Zen upgraded MP Materials from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Wedbush boosted their price target on MP Materials from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Canaccord Genuity Group set a $82.00 price target on MP Materials in a research note on Friday, May 8th. DA Davidson restated a “buy” rating and set a $82.00 price target on shares of MP Materials in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of MP Materials in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, MP Materials currently has a consensus rating of “Buy” and a consensus price target of $80.08.

More MP Materials News

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.