MP Materials Corp. $MP Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn boosted its stake in MP Materials by 111.4% in Q3 to 737,336 shares (≈0.42% ownership), valued at about $49.45 million.
• CEO James H. Litinsky sold 272,600 shares on Jan. 8 at an average $64.17 for proceeds of ~$17.49 million, cutting his ownership by 2.08%; insiders now hold about 9.50% of the company.
• Analyst sentiment is broadly positive — the consensus rating is "Buy" with an average target of ~$78.91, while MP trades with a market cap near $10.65 billion and a 52‑week range of $18.64–$100.25.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of MP Materials Corp. (NYSE:MP - Free Report) by 111.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 737,336 shares of the company's stock after purchasing an additional 388,544 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.42% of MP Materials worth $49,453,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC raised its stake in MP Materials by 420.0% during the third quarter. Sound Income Strategies LLC now owns 364 shares of the company's stock valued at $26,000 after buying an additional 294 shares in the last quarter. Grove Bank & Trust acquired a new position in shares of MP Materials in the 3rd quarter worth approximately $34,000. SJS Investment Consulting Inc. grew its position in shares of MP Materials by 4,600.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 564 shares of the company's stock worth $38,000 after acquiring an additional 552 shares in the last quarter. Hilltop National Bank increased its holdings in shares of MP Materials by 500.0% in the 3rd quarter. Hilltop National Bank now owns 600 shares of the company's stock valued at $40,000 after acquiring an additional 500 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of MP Materials by 75.9% during the 3rd quarter. Bessemer Group Inc. now owns 642 shares of the company's stock valued at $43,000 after acquiring an additional 277 shares in the last quarter. 52.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO James H. Litinsky sold 272,600 shares of the company's stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $64.17, for a total transaction of $17,492,742.00. Following the completion of the transaction, the chief executive officer owned 12,805,965 shares in the company, valued at approximately $821,758,774.05. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.50% of the company's stock.

MP Materials Trading Down 3.5%

NYSE:MP opened at $60.07 on Friday. The firm has a market capitalization of $10.65 billion, a P/E ratio of -115.52 and a beta of 1.55. The business has a 50 day simple moving average of $61.61 and a 200 day simple moving average of $63.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 7.24 and a quick ratio of 6.67. MP Materials Corp. has a 12-month low of $18.64 and a 12-month high of $100.25.

Wall Street Analysts Forecast Growth

MP has been the topic of several research analyst reports. Wall Street Zen upgraded MP Materials from a "sell" rating to a "hold" rating in a research note on Sunday, March 8th. BMO Capital Markets raised shares of MP Materials from a "market perform" rating to an "outperform" rating and dropped their target price for the stock from $76.00 to $75.00 in a report on Monday, November 24th. The Goldman Sachs Group began coverage on shares of MP Materials in a research report on Wednesday, November 19th. They issued a "buy" rating and a $77.00 price target on the stock. JPMorgan Chase & Co. raised shares of MP Materials from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $75.00 to $74.00 in a report on Friday, November 14th. Finally, TD Securities raised shares of MP Materials to a "strong-buy" rating in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, MP Materials has an average rating of "Buy" and a consensus target price of $78.91.

MP Materials Company Profile

MP Materials Corporation operates as a vertically integrated producer of rare earth materials in North America. The company owns and manages the Mountain Pass Rare Earth Mine and Processing Facility in California, the only commercially viable rare earth mining and processing site in the United States. MP Materials extracts, separates and refines critical rare earth elements—such as neodymium, praseodymium, and cerium—which are essential inputs for permanent magnets used in electric vehicles, wind turbines, and various defense applications.

The Mountain Pass mine first began commercial rare earth production in the 1950s and was later operated by Molycorp until its bankruptcy in 2015.

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