MP Materials (NYSE:MP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of MP Materials (NYSE:MP) from a sell rating to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other brokerages have also recently issued reports on MP. Jefferies Financial Group reissued a “buy” rating on shares of MP Materials in a research report on Tuesday, September 8th. DA Davidson reaffirmed a “buy” rating and set a $82.00 price target on shares of MP Materials in a research report on Monday, August 24th. Robert W. Baird dropped their price objective on shares of MP Materials from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, October 1st. Citigroup reissued a “positive” rating on shares of MP Materials in a report on Wednesday, July 15th. Finally, Morgan Stanley decreased their target price on shares of MP Materials from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

MP Materials Stock Performance

NYSE:MP opened at $37.56 on Friday. The stock has a market cap of $6.69 billion, a P/E ratio of -170.72 and a beta of 2.05. The stock has a 50 day simple moving average of $45.27 and a 200 day simple moving average of $54.30. The company has a current ratio of 9.51, a quick ratio of 8.56 and a debt-to-equity ratio of 0.48. MP Materials has a 1-year low of $31.90 and a 1-year high of $76.80.

MP Materials (NYSE:MP) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.04 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $117.37 million. During the same period in the prior year, the firm posted ($0.10) EPS. The company’s revenue for the quarter was up 175.7% on a year-over-year basis. Research analysts anticipate that MP Materials will post -0.21 earnings per share for the current year.

Institutional Investors Weigh In On MP Materials

A number of large investors have recently bought and sold shares of MP. State Street Corp raised its position in shares of MP Materials by 5.1% in 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 in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of MP Materials during the 2nd quarter worth approximately $65,230,000. Principal Financial Group Inc. boosted its position in shares of MP Materials by 32.4% during the 1st quarter. Principal Financial Group Inc. now owns 919,083 shares of the company’s stock worth $44,355,000 after acquiring an additional 225,009 shares in the last quarter. Alps Advisors Inc. increased its stake in 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 during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in MP Materials by 1.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 564,808 shares of the company’s stock valued at $31,635,000 after acquiring an additional 8,556 shares during the last quarter. 52.55% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about MP Materials

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

• Positive Sentiment: Q3 results beat expectations: MP reported adjusted EPS of $0.04 and revenue of $147.7 million, up 176% year over year, supported by higher neodymium-praseodymium (NdPr) sales and pricing. Article
• Positive Sentiment: Production and magnet outlook drew praise: Jefferies highlighted growth in rare-earth production and the magnet ramp-up. MP also said customer demand is about 10 times planned capacity, with GM magnet shipments approaching—potentially supporting longer-term growth if the company can expand output. Article
• Neutral Sentiment: China extended a pause on certain rare-earth export controls until January. The move may ease near-term supply-chain tensions, though it could also reduce some urgency around sourcing rare earths outside China. Article
• Negative Sentiment: Analysts lowered price targets: Canaccord cut its target from $82 to $70 and Barclays from $65 to $54, while keeping Buy and Overweight ratings, respectively. The reductions temper the bullish outlook. Canaccord ratings
• Negative Sentiment: Magnet expansion is increasing costs, and converting strong customer interest into sales depends on successfully scaling production. Article

MP Materials Company Profile

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.

Mountain Pass has a long history of rare earth production, and MP Materials acquired the site’s operating assets in 2017.