MP Materials Corp. (NYSE:MP) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• MP Materials Corp. has received a consensus rating of "Moderate Buy" from nine brokerages, with four analysts recommending a hold and five recommending a buy.
• The company reported $57.39 million in revenue for the last quarter, exceeding expectations and showing an 83.6% year-over-year increase.
• Recent institutional investment activity includes significant stakes being acquired by firms like Caxton Associates LLP and National Bank of Canada FI, indicating strong institutional interest.

MP Materials Corp. (NYSE:MP - Get Free Report) has been given an average rating of "Moderate Buy" by the nine brokerages that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $60.6250.

A number of equities research analysts recently weighed in on the stock. Cfra Research raised shares of MP Materials to a "moderate buy" rating in a research report on Monday, August 11th. Morgan Stanley set a $65.00 price target on shares of MP Materials and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Canaccord Genuity Group lifted their price objective on shares of MP Materials from $64.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Jefferies Financial Group upgraded shares of MP Materials from a "hold" rating to a "buy" rating and set a $80.00 price objective on the stock in a research note on Friday, August 1st. Finally, Cowen restated a "buy" rating on shares of MP Materials in a research note on Friday, August 8th.

MP Materials Price Performance

MP Materials stock opened at $67.9640 on Monday. The stock has a market cap of $12.04 billion, a P/E ratio of -107.88 and a beta of 2.30. The company has a fifty day simple moving average of $53.43 and a 200-day simple moving average of $34.31. MP Materials has a 12-month low of $12.31 and a 12-month high of $82.50. The company has a current ratio of 3.60, a quick ratio of 3.12 and a debt-to-equity ratio of 0.83.

MP Materials (NYSE:MP - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.03. MP Materials had a negative net margin of 41.87% and a negative return on equity of 9.34%. The business had revenue of $57.39 million during the quarter, compared to analysts' expectations of $44.84 million. During the same period in the previous year, the company earned ($0.17) EPS. The company's revenue for the quarter was up 83.6% on a year-over-year basis. Equities analysts expect that MP Materials will post -0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MP. Caxton Associates LLP purchased a new position in MP Materials during the second quarter worth about $132,238,000. Price T Rowe Associates Inc. MD raised its holdings in MP Materials by 44.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,537,511 shares of the company's stock worth $101,986,000 after purchasing an additional 2,005,505 shares in the last quarter. National Bank of Canada FI raised its holdings in MP Materials by 19,314.3% during the second quarter. National Bank of Canada FI now owns 2,013,462 shares of the company's stock worth $66,987,000 after purchasing an additional 2,003,091 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in MP Materials during the first quarter worth about $34,288,000. Finally, BNP Paribas Financial Markets raised its holdings in MP Materials by 76.3% during the second quarter. BNP Paribas Financial Markets now owns 2,921,542 shares of the company's stock worth $97,200,000 after purchasing an additional 1,264,243 shares in the last quarter. 52.55% of the stock is owned by hedge funds and other institutional investors.

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.

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