Natixis Advisors LLC Purchases Shares of 15,805 MP Materials Corp. (NYSE:MP)

Key Points

• Natixis Advisors LLC has purchased 15,805 shares of MP Materials Corp., valued at approximately $386,000, as part of a new position in the company.
• Shares of MP Materials have seen an increase of 3.1%, trading at $74.94, with a market capitalization of $12.25 billion.
• Recent analyst ratings have been positive, with upgrades from several firms including JPMorgan Chase & Co. and Canaccord Genuity Group, leading to an average price target of $60.63 for the stock.

Natixis Advisors LLC purchased a new position in shares of MP Materials Corp. (NYSE:MP - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,805 shares of the company's stock, valued at approximately $386,000.

Other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. increased its position in MP Materials by 119,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,200 shares of the company's stock valued at $29,000 after acquiring an additional 1,199 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in MP Materials in the 1st quarter valued at about $35,000. Banque Cantonale Vaudoise acquired a new position in MP Materials in the 1st quarter valued at about $35,000. IFP Advisors Inc increased its position in MP Materials by 47.8% in the 1st quarter. IFP Advisors Inc now owns 2,970 shares of the company's stock valued at $76,000 after acquiring an additional 960 shares during the period. Finally, CX Institutional acquired a new position in MP Materials in the 1st quarter valued at about $79,000. 52.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wall Street Zen upgraded MP Materials from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. upped their price target on MP Materials from $18.00 to $64.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Canaccord Genuity Group upped their price target on MP Materials from $64.00 to $77.00 and gave the stock a "buy" rating in a report on Friday. Morgan Stanley set a $65.00 price target on MP Materials and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, Robert W. Baird upped their price target on MP Materials from $52.00 to $69.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $60.63.

MP Materials Stock Up 3.1%

Shares of NYSE:MP traded up $2.25 during trading on Tuesday, hitting $74.94. The company's stock had a trading volume of 12,325,846 shares, compared to its average volume of 20,742,240. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.12 and a current ratio of 3.60. MP Materials Corp. has a fifty-two week low of $11.08 and a fifty-two week high of $82.50. The stock's 50-day moving average price is $46.30 and its two-hundred day moving average price is $31.49. The company has a market capitalization of $12.25 billion, a PE ratio of -118.95 and a beta of 2.30.

MP Materials (NYSE:MP - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03. MP Materials had a negative return on equity of 9.34% and a negative net margin of 41.87%. The firm had revenue of $57.39 million for the quarter, compared to analysts' expectations of $44.84 million. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. MP Materials's revenue for the quarter was up 83.6% compared to the same quarter last year. As a group, sell-side analysts expect that MP Materials Corp. will post -0.19 EPS 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.