J.W. Cole Advisors Inc. Purchases 6,553 Shares of MP Materials Corp. (NYSE:MP)

J.W. Cole Advisors Inc. lifted its stake in MP Materials Corp. (NYSE:MP - Free Report) by 6.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 101,814 shares of the company's stock after purchasing an additional 6,553 shares during the quarter. J.W. Cole Advisors Inc. owned about 0.06% of MP Materials worth $2,485,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. NBC Securities Inc. raised its position in shares of MP Materials by 119,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,200 shares of the company's stock worth $29,000 after acquiring an additional 1,199 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of MP Materials in the 1st quarter worth $35,000. Quadrant Capital Group LLC raised 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 acquiring an additional 701 shares in the last quarter. IFP Advisors Inc raised its position in shares of MP Materials by 47.8% in the 1st quarter. IFP Advisors Inc now owns 2,970 shares of the company's stock worth $76,000 after acquiring an additional 960 shares in the last quarter. Finally, CX Institutional bought a new position in shares of MP Materials in the 1st quarter worth $79,000. Hedge funds and other institutional investors own 52.55% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on MP Materials from $18.00 to $64.00 and gave the company a "neutral" rating in a research report on Monday. Robert W. Baird upped their target price on MP Materials from $30.00 to $38.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Canaccord Genuity Group upped their target price on MP Materials from $27.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Morgan Stanley raised MP Materials from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $23.00 to $34.00 in a research report on Thursday, June 5th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $33.00 target price (up from $32.00) on shares of MP Materials in a research report on Monday, July 7th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $42.67.

MP Materials Price Performance

Shares of MP Materials stock opened at $58.99 on Tuesday. The business has a 50 day simple moving average of $31.11 and a two-hundred day simple moving average of $26.23. MP Materials Corp. has a 12 month low of $10.02 and a 12 month high of $65.05. The stock has a market capitalization of $9.64 billion, a P/E ratio of -90.75 and a beta of 2.26. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.12 and a quick ratio of 3.58.

MP Materials (NYSE:MP - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.02). MP Materials had a negative net margin of 48.41% and a negative return on equity of 9.77%. The firm had revenue of $60.81 million for the quarter, compared to analyst estimates of $64.74 million. During the same period in the previous year, the company earned ($0.04) EPS. MP Materials's revenue was up 24.9% compared to the same quarter last year. As a group, analysts predict that MP Materials Corp. will post -0.19 EPS for the current fiscal year.

About MP Materials

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.

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