MP Materials Corp. (NYSE:MP) Receives Average Rating of "Moderate Buy" from Analysts

MP Materials Corp. (NYSE:MP - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nine brokerages that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $23.61.

Several brokerages have weighed in on MP. BMO Capital Markets upped their target price on MP Materials from $22.00 to $29.00 and gave the stock a "market perform" rating in a report on Thursday, March 20th. DA Davidson upped their price objective on shares of MP Materials from $25.00 to $32.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th.

MP Materials Trading Down 5.9 %

MP stock traded down $1.54 during trading on Friday, hitting $24.43. The company had a trading volume of 3,585,090 shares, compared to its average volume of 3,188,361. The firm has a market capitalization of $3.99 billion, a P/E ratio of -41.40 and a beta of 2.32. The company has a quick ratio of 6.13, a current ratio of 6.93 and a debt-to-equity ratio of 0.88. MP Materials has a 52-week low of $10.02 and a 52-week high of $27.29. The company has a 50 day simple moving average of $24.03 and a 200-day simple moving average of $20.30.

MP Materials (NYSE:MP - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The company had revenue of $60.99 million for the quarter, compared to the consensus estimate of $50.71 million. MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. As a group, research analysts forecast that MP Materials will post -0.19 earnings per share for the current fiscal year.

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Insider Buying and Selling at MP Materials

In other MP Materials news, CFO Ryan Corbett sold 60,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.51, for a total value of $1,530,600.00. Following the completion of the transaction, the chief financial officer now owns 230,100 shares of the company's stock, valued at approximately $5,869,851. This trade represents a 20.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James H. Litinsky sold 18,519 shares of the business's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $27.00, for a total transaction of $500,013.00. Following the sale, the chief executive officer now directly owns 13,842,256 shares in the company, valued at $373,740,912. This trade represents a 0.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,130,835 shares of company stock worth $29,165,987. 12.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC boosted its position in MP Materials by 40.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,441 shares of the company's stock valued at $38,000 after buying an additional 701 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of MP Materials in the 4th quarter valued at $40,000. Geneos Wealth Management Inc. increased its stake in shares of MP Materials by 205.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,749 shares of the company's stock worth $43,000 after acquiring an additional 1,849 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of MP Materials by 204.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,275 shares of the company's stock worth $51,000 after acquiring an additional 2,200 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of MP Materials by 69.3% during the fourth quarter. GAMMA Investing LLC now owns 3,775 shares of the company's stock worth $59,000 after purchasing an additional 1,545 shares during the last quarter. 52.55% of the stock is currently owned by hedge funds and other institutional investors.

MP Materials Company Profile

MP Materials Corp., together with its subsidiaries, produces rare earth materials. The company owns and operates the Mountain Pass Rare Earth mine and processing facility in North America. It holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals.