MP Materials (MP) to Release Earnings on Thursday

MP Materials (NYSE:MP - Get Free Report) is anticipated to announce its earnings results after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $50.27 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.

MP Materials Trading Down 2.7 %

NYSE MP traded down $0.66 during mid-day trading on Friday, hitting $23.72. The company's stock had a trading volume of 1,739,552 shares, compared to its average volume of 2,852,481. MP Materials has a 52-week low of $10.02 and a 52-week high of $26.00. The stock's fifty day simple moving average is $20.07 and its two-hundred day simple moving average is $17.60. 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 firm has a market capitalization of $3.87 billion, a P/E ratio of -43.92 and a beta of 2.34.

Analyst Ratings Changes

Several research analysts recently commented on MP shares. Canaccord Genuity Group raised their price target on shares of MP Materials from $23.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price objective on shares of MP Materials from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Finally, BMO Capital Markets lifted their price objective on shares of MP Materials from $19.50 to $22.00 and gave the company a "market perform" rating in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, MP Materials has an average rating of "Moderate Buy" and an average price target of $22.45.

Insiders Place Their Bets

In other MP Materials news, CFO Ryan Corbett sold 15,195 shares of MP Materials stock in a transaction on Monday, November 18th. The shares were sold at an average price of $18.30, for a total value of $278,068.50. Following the completion of the transaction, the chief financial officer now owns 295,021 shares of the company's stock, valued at $5,398,884.30. The trade was a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO James H. Litinsky sold 386,223 shares of MP Materials stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $24.01, for a total transaction of $9,273,214.23. Following the completion of the transaction, the chief executive officer now directly owns 15,643,076 shares of the company's stock, valued at approximately $375,590,254.76. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,271,085 shares of company stock valued at $26,757,696 over the last 90 days. 12.60% of the stock is owned by company insiders.

About MP Materials

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.