MP Materials (NYSE:MP) Research Coverage Started at Freedom Broker

Freedom Broker started coverage on shares of MP Materials (NYSE:MP) in a report published on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a hold rating and a $57.00 price objective on the stock.

A number of other analysts have also weighed in on MP. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MP Materials in a research report on Friday, July 17th. Morgan Stanley reissued an “overweight” rating on shares of MP Materials in a research note on Wednesday, August 19th. Wall Street Zen downgraded MP Materials from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. JPMorgan Chase & Co. reduced their price target on MP Materials from $75.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Finally, Needham & Company LLC decreased their price objective on MP Materials from $81.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $76.58.

MP Materials Trading Down 4.1%

Shares of MP stock opened at $47.36 on Wednesday. MP Materials has a fifty-two week low of $37.81 and a fifty-two week high of $100.25. The company has a 50 day moving average price of $50.97 and a 200 day moving average price of $56.14. The stock has a market capitalization of $8.43 billion, a P/E ratio of -139.28 and a beta of 1.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 8.56 and a current ratio of 9.51.

MP Materials (NYSE:MP) last released its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). MP Materials had a negative net margin of 19.85% and a negative return on equity of 1.21%. The company had revenue of $108.49 million for the quarter, compared to analyst estimates of $96.89 million. During the same period in the prior year, the business earned ($0.13) EPS. The firm’s quarterly revenue was up 89.0% on a year-over-year basis. Equities research analysts predict that MP Materials will post -0.12 EPS for the current fiscal year.

Institutional Trading of MP Materials

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MP. EMC Capital Management acquired a new position in shares of MP Materials in the 4th quarter valued at $25,000. REAP Financial Group LLC purchased a new position in shares of MP Materials in the 4th quarter valued at $26,000. Toth Financial Advisory Corp raised its stake in MP Materials by 73.3% during the 2nd quarter. Toth Financial Advisory Corp now owns 520 shares of the company’s stock worth $29,000 after acquiring an additional 220 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in MP Materials during the 4th quarter worth $36,000. Finally, Markowski Investments purchased a new stake in MP Materials in the second quarter valued at $43,000. Institutional investors and hedge funds own 52.55% of the company’s stock.

MP Materials News Roundup

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

• Positive Sentiment: MP Materials delivered its first rare-earth magnets from its Fort Worth facility to General Motors, an important milestone showing progress toward commercial-scale U.S. production and validating its relationship with a major automaker. MP Materials delivers first magnets to General Motors from Fort Worth factory
• Positive Sentiment: Apple’s reported $500 million commitment to U.S.-made rare-earth magnets could create a significant future demand opportunity for MP Materials, although the company was not identified as the sole beneficiary. Apple put $500 million behind U.S.-made rare earth magnets
• Neutral Sentiment: China Rare Earth Group is reportedly negotiating to take control of Shenghe Resources, which holds an indirect stake in MP Materials. The development may signal strategic interest in MP’s assets, but it also raises questions about Chinese influence and geopolitical scrutiny. China Rare Earth eyes indirect stake in MP Materials
• Neutral Sentiment: Freedom Broker initiated coverage of MP Materials, potentially increasing analyst visibility, although the available report does not specify a rating or price target. Freedom Broker Begins Coverage on MP Materials
• Negative Sentiment: MP’s second-quarter revenue surged 89% year over year and exceeded estimates, but the company continued to report an operating loss. Higher costs and ongoing investments are delaying profitability, limiting the immediate benefit of strong sales growth. MP’s Operating Losses Continue in Q2

MP Materials Company Profile

MP Materials Corp. is a rare earth materials company that owns and operates the Mountain Pass rare earth mine and processing facility in California. The site is one of the largest rare earth production facilities in the Western Hemisphere and produces rare earth concentrate, with an emphasis on neodymium-praseodymium (NdPr), materials used in high-performance permanent magnets.

The company is expanding its operations beyond mining and concentrate production into separated rare earth products and magnet manufacturing.