MP Materials Corp. (NYSE:MP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of MP Materials Corp. (NYSE:MP) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $23.50.

Several equities analysts have commented on MP shares. Morgan Stanley decreased their price objective on shares of MP Materials from $15.50 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, June 21st. Jefferies Financial Group reduced their target price on shares of MP Materials from $36.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, March 19th. Benchmark reissued a “buy” rating and issued a $30.00 target price on shares of MP Materials in a research report on Tuesday, May 14th. Bank of America reduced their target price on shares of MP Materials from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of MP Materials from $17.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, April 11th.

Insider Buying and Selling

In other MP Materials news, Director Andrew A. Mcknight sold 317,750 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $18.07, for a total transaction of $5,741,742.50. Following the completion of the transaction, the director now owns 86,000 shares of the company’s stock, valued at $1,554,020. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other MP Materials news, Director Andrew A. Mcknight sold 317,750 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $18.07, for a total transaction of $5,741,742.50. Following the completion of the transaction, the director now owns 86,000 shares of the company’s stock, valued at $1,554,020. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ryan Corbett sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $16.93, for a total value of $846,500.00. Following the transaction, the chief financial officer now directly owns 325,021 shares of the company’s stock, valued at approximately $5,502,605.53. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new position in shares of MP Materials in the fourth quarter valued at approximately $26,000. TFO Wealth Partners LLC increased its stake in shares of MP Materials by 153,700.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,538 shares of the company’s stock valued at $31,000 after buying an additional 1,537 shares during the period. CWM LLC increased its stake in shares of MP Materials by 85.0% in the fourth quarter. CWM LLC now owns 1,667 shares of the company’s stock valued at $33,000 after buying an additional 766 shares during the period. Global Retirement Partners LLC increased its stake in shares of MP Materials by 2,316.7% in the first quarter. Global Retirement Partners LLC now owns 2,320 shares of the company’s stock valued at $33,000 after buying an additional 2,224 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of MP Materials by 2,335.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,070 shares of the company’s stock valued at $41,000 after buying an additional 1,985 shares during the period. Institutional investors and hedge funds own 52.55% of the company’s stock.

MP Materials Price Performance

NYSE:MP opened at $13.74 on Wednesday. MP Materials has a one year low of $12.09 and a one year high of $26.53. The company has a market cap of $2.27 billion, a P/E ratio of -91.59 and a beta of 2.23. The firm’s fifty day moving average price is $15.46 and its two-hundred day moving average price is $16.03. The company has a debt-to-equity ratio of 0.82, a current ratio of 10.29 and a quick ratio of 9.28.

MP Materials (NYSE:MP) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). MP Materials had a net margin of 1.62% and a negative return on equity of 0.61%. The company had revenue of $48.68 million during the quarter, compared to analyst estimates of $46.00 million. Equities analysts expect that MP Materials will post -0.28 earnings per share for the current 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.