MP Materials Corp. (NYSE:MP) Given Average Rating of "Moderate Buy" by Analysts

Shares of MP Materials Corp. (NYSE:MP - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $25.61.

Several research analysts have commented on the company. JPMorgan Chase & Co. cut their target price on MP Materials from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. DA Davidson increased their target price on shares of MP Materials from $25.00 to $32.00 and gave the company a "buy" rating in a report on Wednesday, March 19th. Morgan Stanley upgraded shares of MP Materials from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $23.00 to $34.00 in a report on Thursday, June 5th. Finally, BMO Capital Markets lifted their price target on shares of MP Materials from $22.00 to $29.00 and gave the company a "market perform" rating in a report on Thursday, March 20th.

Insider Activity at MP Materials

In other MP Materials news, CEO James H. Litinsky sold 199,180 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $27.08, for a total value of $5,393,794.40. Following the completion of the transaction, the chief executive officer now owns 13,643,076 shares of the company's stock, valued at approximately $369,454,498.08. This trade represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ryan Corbett sold 60,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $25.51, for a total value of $1,530,600.00. Following the sale, the chief financial officer now owns 230,100 shares in the company, valued at approximately $5,869,851. The trade was a 20.68% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 943,792 shares of company stock valued at $25,286,567. Insiders own 9.50% of the company's stock.

Hedge Funds Weigh In On MP Materials

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of MP Materials by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 13,662,567 shares of the company's stock valued at $333,503,000 after purchasing an additional 942,105 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of MP Materials by 44.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,537,511 shares of the company's stock valued at $101,986,000 after buying an additional 2,005,505 shares in the last quarter. Invesco Ltd. raised its stake in shares of MP Materials by 25.3% during the 1st quarter. Invesco Ltd. now owns 2,655,102 shares of the company's stock worth $64,811,000 after buying an additional 536,522 shares during the period. Victory Capital Management Inc. raised its stake in shares of MP Materials by 3.1% during the 4th quarter. Victory Capital Management Inc. now owns 2,432,389 shares of the company's stock worth $37,945,000 after buying an additional 73,297 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of MP Materials by 8.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,207,017 shares of the company's stock valued at $34,433,000 after buying an additional 176,121 shares in the last quarter. Hedge funds and other institutional investors own 52.55% of the company's stock.

MP Materials Stock Down 5.8%

Shares of MP traded down $1.59 on Wednesday, reaching $25.64. The company's stock had a trading volume of 15,813,124 shares, compared to its average volume of 4,141,052. The firm has a fifty day moving average of $23.18 and a 200-day moving average of $22.33. MP Materials has a twelve month low of $10.02 and a twelve month high of $29.72. The stock has a market capitalization of $4.19 billion, a PE ratio of -43.46 and a beta of 2.14. The company has a current ratio of 6.93, a quick ratio of 6.13 and a debt-to-equity ratio of 0.88.

MP Materials (NYSE:MP - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.02). MP Materials had a negative return on equity of 8.44% and a negative net margin of 32.09%. The business had revenue of $60.81 million during the quarter, compared to analysts' expectations of $64.74 million. During the same quarter in the previous year, the firm earned ($0.04) EPS. MP Materials's quarterly revenue was up 24.9% on a year-over-year basis. Equities analysts predict that MP Materials will post -0.19 EPS for the current 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.