MP Materials Corp. (NYSE:MP) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts collectively rate MP Materials “Moderate Buy.” Of 17 brokerages, 13 issued buy ratings, one issued a strong buy, one a hold, and two a sell; the average 12-month price target is $76.29.
• MP shares opened at $46.46, down 4.8%, with the stock trading well below its 52-week high of $100.25. Recent analyst actions included price-target cuts from Barclays and Deutsche Bank, while Zacks Research downgraded the stock to “strong sell.”
• The company’s latest quarterly revenue rose 89% year over year to $108.49 million, exceeding expectations, though MP reported a $0.01 per-share loss and continues to have negative net margins. The company is expanding from rare-earth mining into separated products and magnet manufacturing.

Shares of MP Materials Corp. (NYSE:MP - Get Free Report) have received an average recommendation of "Moderate Buy" from the seventeen brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $76.29.

Several research analysts recently issued reports on MP shares. Freedom Broker began coverage on shares of MP Materials in a research report on Wednesday, September 16th. They issued a "hold" rating and a $57.00 price target for the company. Barclays decreased their price objective on MP Materials from $69.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, July 16th. Zacks Research cut MP Materials from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft dropped their target price on MP Materials from $70.00 to $61.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of MP Materials in a research report on Friday, July 17th.

MP Materials Stock Down 4.8%

MP opened at $46.46 on Tuesday. The company has a market capitalization of $8.28 billion, a P/E ratio of -136.65 and a beta of 1.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 9.51 and a quick ratio of 8.56. The firm's fifty day moving average price is $51.13 and its two-hundred day moving average price is $55.61. MP Materials has a fifty-two week low of $37.81 and a fifty-two week high of $100.25.

MP Materials (NYSE:MP - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analysts' expectations of $96.89 million. During the same quarter in the prior year, the company posted ($0.13) EPS. The business's revenue was up 89.0% on a year-over-year basis. On average, analysts anticipate that MP Materials will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MP. EMC Capital Management bought a new stake in shares of MP Materials in the 4th quarter worth about $25,000. REAP Financial Group LLC acquired a new stake in shares of MP Materials during the 4th quarter worth about $26,000. Toth Financial Advisory Corp lifted its holdings in MP Materials by 73.3% during the 2nd quarter. Toth Financial Advisory Corp now owns 520 shares of the company's stock valued at $29,000 after purchasing an additional 220 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in MP Materials during the 4th quarter valued at about $36,000. Finally, Markowski Investments bought a new position in MP Materials during the 2nd quarter valued at about $43,000. 52.55% of the stock is currently owned by institutional investors and hedge funds.

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.

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