MP Materials Corp. (NYSE:MP) Given Average Rating of “Moderate Buy” by Analysts

MP Materials Corp. (NYSE:MP) has received an average rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $22.45.

A number of equities analysts have recently weighed in on MP shares. Canaccord Genuity Group boosted their target price on MP Materials from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. BMO Capital Markets boosted their price objective on MP Materials from $19.50 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th.

Insider Activity

In other news, CEO James H. Litinsky sold 386,223 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 12.60% of the company’s stock.

Institutional Investors Weigh In On MP Materials

A number of large investors have recently made changes to their positions in MP. Quadrant Capital Group LLC lifted its position in shares of MP Materials by 40.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,441 shares of the company’s stock worth $38,000 after purchasing an additional 701 shares during the period. SBI Securities Co. Ltd. bought a new position in MP Materials during the 4th quarter valued at approximately $40,000. Geneos Wealth Management Inc. raised its stake in MP Materials by 205.4% during the fourth 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 last quarter. Nisa Investment Advisors LLC boosted its holdings in MP Materials by 204.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,275 shares of the company’s stock worth $51,000 after acquiring an additional 2,200 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of MP Materials by 69.3% in the fourth 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

MP stock opened at $25.03 on Monday. The firm has a market cap of $4.09 billion, a PE ratio of -42.43 and a beta of 2.32. The company has a current ratio of 6.93, a quick ratio of 6.13 and a debt-to-equity ratio of 0.88. The stock has a 50-day moving average price of $21.86 and a 200-day moving average price of $18.88. MP Materials has a 1-year low of $10.02 and a 1-year high of $26.00.

MP Materials (NYSE:MP) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The business had revenue of $60.99 million during the quarter, compared to analyst estimates of $50.71 million. MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. As a group, equities research analysts expect that MP Materials will post -0.19 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.