MP Materials' (MP) "Hold" Rating Reiterated at Jefferies Financial Group

MP Materials (NYSE:MP - Get Free Report)'s stock had its "hold" rating reaffirmed by equities research analysts at Jefferies Financial Group in a research report issued on Monday,Benzinga reports. They currently have a $33.00 price target on the stock, up from their previous price target of $32.00. Jefferies Financial Group's target price indicates a potential upside of 3.95% from the company's previous close.

A number of other research firms also recently weighed in on MP. Morgan Stanley raised shares of MP Materials from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $23.00 to $34.00 in a research report on Thursday, June 5th. Robert W. Baird raised their price target on shares of MP Materials from $30.00 to $38.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. JPMorgan Chase & Co. lowered their price objective on shares of MP Materials from $21.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, May 12th. BMO Capital Markets increased their price objective on shares of MP Materials from $22.00 to $29.00 and gave the stock a "market perform" rating in a research note on Thursday, March 20th. Finally, DA Davidson lifted their target price on MP Materials from $25.00 to $32.00 and gave the company a "buy" rating in a research note on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, MP Materials currently has an average rating of "Moderate Buy" and a consensus target price of $28.06.

MP Materials Stock Down 1.9%

MP opened at $31.75 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.58 and a current ratio of 4.12. MP Materials has a 1 year low of $10.02 and a 1 year high of $39.10. The firm has a 50 day moving average price of $26.52 and a 200 day moving average price of $24.07. The company has a market cap of $5.19 billion, a PE ratio of -48.84 and a beta of 2.26.

MP Materials (NYSE:MP - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (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 company had revenue of $60.81 million during the quarter, compared to analyst estimates of $64.74 million. During the same quarter last year, the business posted ($0.04) EPS. MP Materials's quarterly revenue was up 24.9% compared to the same quarter last year. Sell-side analysts expect that MP Materials will post -0.19 earnings per share for the current year.

Insider Activity at MP Materials

In other MP Materials news, CEO James H. Litinsky sold 199,180 shares of MP Materials stock in a transaction on Monday, April 14th. The stock was sold at an average price of $27.08, for a total transaction of $5,393,794.40. Following the sale, the chief executive officer owned 13,643,076 shares of the company's stock, valued at $369,454,498.08. The trade was a 1.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.60% of the company's stock.

Institutional Investors Weigh In On MP Materials

Several institutional investors have recently bought and sold shares of MP. Raymond James Financial Inc. acquired a new stake in shares of MP Materials in the fourth quarter valued at $6,284,000. Proficio Capital Partners LLC acquired a new stake in MP Materials in the 4th quarter valued at about $399,000. KLP Kapitalforvaltning AS bought a new position in shares of MP Materials during the 4th quarter valued at about $388,000. GAMMA Investing LLC boosted its position in shares of MP Materials by 52.3% during the 1st quarter. GAMMA Investing LLC now owns 5,750 shares of the company's stock valued at $140,000 after purchasing an additional 1,975 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of MP Materials by 0.4% in the 4th quarter. Invesco Ltd. now owns 2,118,580 shares of the company's stock worth $33,050,000 after purchasing an additional 7,453 shares during the last quarter. Institutional investors and hedge funds own 52.55% of the company's stock.

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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