Sprott Inc. Has $919,000 Holdings in MP Materials Corp. (NYSE:MP)

Sprott Inc. grew its stake in shares of MP Materials Corp. (NYSE:MP - Free Report) by 177.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,903 shares of the company's stock after acquiring an additional 37,657 shares during the period. Sprott Inc.'s holdings in MP Materials were worth $919,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Oak Family Advisors LLC acquired a new stake in MP Materials during the fourth quarter worth approximately $530,000. Segall Bryant & Hamill LLC increased its holdings in shares of MP Materials by 32.7% during the third quarter. Segall Bryant & Hamill LLC now owns 1,245,796 shares of the company's stock worth $21,988,000 after purchasing an additional 306,933 shares during the period. Quest Partners LLC increased its holdings in shares of MP Materials by 806.0% during the third quarter. Quest Partners LLC now owns 42,944 shares of the company's stock worth $758,000 after purchasing an additional 38,204 shares during the period. SG Americas Securities LLC increased its holdings in shares of MP Materials by 167.3% during the fourth quarter. SG Americas Securities LLC now owns 35,902 shares of the company's stock worth $560,000 after purchasing an additional 22,473 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of MP Materials during the third quarter worth approximately $2,300,000. 52.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MP Materials

In other MP Materials news, CEO James H. Litinsky sold 234,667 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $20.68, for a total value of $4,852,913.56. Following the sale, the chief executive officer now owns 17,608,409 shares in the company, valued at $364,141,898.12. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 12.60% of the company's stock.

MP Materials Price Performance

NYSE:MP traded up $0.61 during mid-day trading on Friday, reaching $24.07. The stock had a trading volume of 2,570,725 shares, compared to its average volume of 3,249,629. The stock has a 50-day simple moving average of $21.12 and a two-hundred day simple moving average of $18.38. The stock has a market capitalization of $3.93 billion, a PE ratio of -40.79 and a beta of 2.34. The company has a debt-to-equity ratio of 0.88, a current ratio of 6.93 and a quick ratio of 6.13. MP Materials Corp. has a 12 month low of $10.02 and a 12 month high of $26.00.

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

Analyst Ratings Changes

MP has been the topic of several recent research reports. BMO Capital Markets raised their target price on shares of MP Materials from $19.50 to $22.00 and gave the stock a "market perform" rating in a 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 stock a "buy" rating in a report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $22.45.

MP Materials 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.