MP Materials Corp. (NYSE:MP) Receives $22.45 Consensus PT from Brokerages

Shares of MP Materials Corp. (NYSE:MP - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $22.45.

MP has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on MP Materials from $19.50 to $22.00 and gave the company a "market perform" rating in a research report on Monday, January 27th. Canaccord Genuity Group raised their target price on shares of MP Materials from $23.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th.

Insiders Place Their Bets

In other news, CEO James H. Litinsky sold 386,223 shares of MP Materials stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $24.01, for a total value of $9,273,214.23. Following the transaction, the chief executive officer now owns 15,643,076 shares in the company, valued at approximately $375,590,254.76. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.60% of the company's stock.

Hedge Funds Weigh In On MP Materials

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

MP Materials Stock Performance

Shares of MP Materials stock traded down $1.53 during trading hours on Monday, reaching $22.48. The company had a trading volume of 4,164,763 shares, compared to its average volume of 3,272,739. The firm has a market cap of $3.67 billion, a PE ratio of -38.10 and a beta of 2.34. MP Materials has a one year low of $10.02 and a one year high of $26.00. The company has a debt-to-equity ratio of 0.88, a current ratio of 6.93 and a quick ratio of 6.13. The business has a fifty day simple moving average of $21.12 and a 200 day simple moving average of $18.48.

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

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.