Investors Buy High Volume of Call Options on MP Materials (NYSE:MP)

MP Materials Corp. (NYSE:MP - Get Free Report) was the recipient of some unusual options trading activity on Monday. Investors acquired 7,981 call options on the stock. This represents an increase of approximately 101% compared to the average volume of 3,975 call options.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MP. Deutsche Bank Aktiengesellschaft upped their target price on shares of MP Materials from $14.00 to $17.00 and gave the stock a "hold" rating in a report on Friday, March 8th. Jefferies Financial Group lowered their target price on shares of MP Materials from $36.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, March 19th. Canaccord Genuity Group lowered their target price on shares of MP Materials from $23.00 to $22.00 and set a "buy" rating on the stock in a report on Wednesday, March 13th. JPMorgan Chase & Co. lowered their target price on shares of MP Materials from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, February 23rd. Finally, Morgan Stanley lowered shares of MP Materials from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $26.00 to $15.50 in a report on Wednesday, March 13th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $25.44.

MP Materials Stock Performance

Shares of MP Materials stock traded up $1.41 on Monday, reaching $16.02. 12,494,894 shares of the company traded hands, compared to its average volume of 3,526,361. MP Materials has a 52 week low of $12.68 and a 52 week high of $28.71. The company has a 50 day moving average of $15.22 and a 200 day moving average of $16.58. The firm has a market capitalization of $2.85 billion, a PE ratio of 123.70 and a beta of 2.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 10.42 and a quick ratio of 9.54.

MP Materials (NYSE:MP - Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). MP Materials had a net margin of 9.59% and a return on equity of 3.86%. The firm had revenue of $41.21 million during the quarter, compared to the consensus estimate of $47.40 million. Equities analysts forecast that MP Materials will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MP. GAMMA Investing LLC bought a new position in MP Materials in the 4th quarter worth approximately $26,000. TFO Wealth Partners LLC boosted its holdings in MP Materials by 153,700.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,538 shares of the company's stock worth $31,000 after buying an additional 1,537 shares during the period. CWM LLC boosted its holdings in MP Materials by 85.0% in the 4th quarter. CWM LLC now owns 1,667 shares of the company's stock worth $33,000 after buying an additional 766 shares during the period. Fifth Third Bancorp boosted its holdings in MP Materials by 120.6% in the 3rd quarter. Fifth Third Bancorp now owns 2,074 shares of the company's stock worth $40,000 after buying an additional 1,134 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in MP Materials by 2,335.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,070 shares of the company's stock worth $41,000 after buying an additional 1,985 shares during the period. 52.55% of the stock is owned by institutional investors.

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.