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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dropbox’s stock is a falling knife worth catching
The Elites Are Waging War on Elon Musk — Here's Why… (Ad)
Stock ideas from the 2024 Microcap Conference
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
New Bitcoin Projection: $165,000 in the Next 18 Months (Ad)
How major US stock indexes fared Friday, 2/23/2024
Closing prices for crude oil, gold and other commodities
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dropbox’s stock is a falling knife worth catching
The Elites Are Waging War on Elon Musk — Here's Why… (Ad)
Stock ideas from the 2024 Microcap Conference
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
New Bitcoin Projection: $165,000 in the Next 18 Months (Ad)
How major US stock indexes fared Friday, 2/23/2024
Closing prices for crude oil, gold and other commodities
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dropbox’s stock is a falling knife worth catching
The Elites Are Waging War on Elon Musk — Here's Why… (Ad)
Stock ideas from the 2024 Microcap Conference
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
New Bitcoin Projection: $165,000 in the Next 18 Months (Ad)
How major US stock indexes fared Friday, 2/23/2024
Closing prices for crude oil, gold and other commodities
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger
NYSE:MP

MP Materials (MP) Stock Price, News & Analysis

$15.00
-0.66 (-4.21%)
(As of 02/23/2024 ET)
Today's Range
$14.89
$16.17
50-Day Range
$15.00
$20.63
52-Week Range
$14.47
$36.67
Volume
4.47 million shs
Average Volume
2.22 million shs
Market Capitalization
$2.67 billion
P/E Ratio
115.39
Dividend Yield
N/A
Price Target
$30.86

MP Materials MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
78.9% Upside
$26.83 Price Target
Short Interest
Bearish
11.02% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.14mentions of MP Materials in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
20.69%
From $0.29 to $0.35 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.49 out of 5 stars

Basic Materials Sector

76th out of 172 stocks

Metal Mining Industry

6th out of 19 stocks


MP stock logo

About MP Materials Stock (NYSE:MP)

MP Materials Corp. is a company that has rapidly become a leading provider of rare earth materials. These materials are essential to numerous industries, including electric vehicles, wind turbines, and consumer electronics. With its headquarters in Las Vegas, Nevada, MP Materials Corp. operates the only rare earth mining and processing site in North America, in Mountain Pass, California.

The company was founded in 2017 as a special purpose acquisition company and merged with MP Materials, which acquired the Mountain Pass site from the bankruptcy of Molycorp. Since the merger, the company has successfully increased production levels. In 2020, it went public through a SPAC merger with Fortress Value Acquisition Corp, now trading on the NYSE under the ticker MP.

MP Materials' management team is led by Chief Executive Officer James Litinsky, who has over two decades of experience in the financial industry. James Litinsky is a former hedge fund manager with a restructuring and value investing background. He previously worked as a hedge fund manager at JHL Capital Group and recently served as the CEO of commercial real estate company CIVANA.

As for financial performance, MP Materials has consistently grown over the past few years. In 2022, the company generated $527 million in revenue, up from $67 million in 2018. The company also reported a net income of $289 million in 2022, compared to a net loss of $34 million in 2019. The company's gross margin increased from 6% in 2018 to 82% in 2022, reflecting the company's successful cost management strategies. In comparison, the sector media gross margin is about 30%. MP Materials has also worked hard to reduce its debt levels, primarily incurred through acquiring the Mountain Pass site.

Regarding valuation, MP Materials' stock is currently trading at a price-to-earnings ratio higher than the industry average and a price-to-book lower than the industry average, indicating that the company's shares are relatively undervalued compared to its peers. The company's stock has been volatile since going public in 2020. In the first few months of trading, the stock price increased by over 300%, driven by investor enthusiasm for rare earth materials and the company's position as North America's only rare earth mining and processing site. However, the stock has since experienced significant price fluctuations, reflecting the volatility of the broader stock market.

MP Materials operates in the broader rare earth materials industry, heavily influenced by global supply and demand trends. The industry is dominated by Chinese companies, which control over 80% of the worldwide supply of rare earth materials. However, in recent years, there has been a growing demand for alternative sources of rare earth materials, particularly in the United States and Europe. This has created opportunities for companies like MP Materials to expand their market share and capture a more significant portion of the industry's growth potential.

The rare earth materials industry has recently faced regulatory and political challenges, particularly concerning trade tensions between the United States and China. In 2019, China threatened to limit exports of rare earth materials to the United States, which would have had significant implications for the U.S. economy and national security. However, in response, the U.S. government has encouraged domestic production of rare earth materials and reduced reliance on foreign sources. This has created a favorable regulatory environment for companies like MP Materials, which are positioned to benefit from increased government support and investment in the industry.

MP Materials has identified several growth opportunities in the rare earth materials industry. One potential avenue for growth is developing new products and applications for rare earth materials. The company has already developed a proprietary process for extracting rare earth materials from waste streams, which could have significant environmental and economic benefits. MP Materials is also exploring opportunities to expand its production capacity and enter new markets, particularly in the Asia-Pacific region.

Despite these opportunities, MP Materials faces several risks and challenges. The company relies heavily on demand for rare earth materials, which can fluctuate significantly based on global economic conditions and geopolitical tensions. Additionally, the company's reliance on a single mining and processing site in Mountain Pass, California, exposes it to operational risks and potential disruptions.

Furthermore, MP Materials faces competition from established companies in the rare earth materials industry and new entrants seeking to capture a share of the market's growth potential. The company must continue to innovate and differentiate itself to maintain its competitive position in the industry.

MP Stock Price History

MP Stock News Headlines

MP to retire after 41 years in politics
SHOCKING Crypto Leak Reveal Crypto's Set To SURGE
A shocking leak has revealed tech giant Microsoft plans to add crypto support to future products. If the plans in these leaked documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, and MORE. The coupling of gaming and cryptocurrency could transform digital finance as we know it. We've gathered 27 experts to share their top picks and predictions for the 2024 crypto bull run.
SHOCKING Crypto Leak Reveal Crypto's Set To SURGE
A shocking leak has revealed tech giant Microsoft plans to add crypto support to future products. If the plans in these leaked documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, and MORE. The coupling of gaming and cryptocurrency could transform digital finance as we know it. We've gathered 27 experts to share their top picks and predictions for the 2024 crypto bull run.
MP Materials to Participate in Upcoming Conferences
MP Materials (MP) to Release Earnings on Thursday
Peering Into MP Materials's Recent Short Interest
Analyzing MP Materials (NYSE:MP) and Almaden Minerals (NYSE:AAU)
McEwen (MUX) Moves 5.4% Higher: Will This Strength Last?
See More Headlines
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Company Calendar

Last Earnings
11/04/2021
Today
2/24/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
N/A
Fax
N/A
Employees
486
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.83
High Stock Price Target
$39.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+105.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$289 million
Pretax Margin
33.00%

Debt

Sales & Book Value

Annual Sales
$253.45 million
Cash Flow
$1.68 per share
Book Value
$7.39 per share

Miscellaneous

Free Float
117,589,000
Market Cap
$2.67 billion
Optionable
Optionable
Beta
2.50
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MP Stock Analysis - Frequently Asked Questions

Should I buy or sell MP Materials stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MP Materials in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MP shares.
View MP analyst ratings
or view top-rated stocks.

What is MP Materials' stock price target for 2024?

6 Wall Street research analysts have issued twelve-month price targets for MP Materials' shares. Their MP share price targets range from $14.00 to $39.00. On average, they anticipate the company's share price to reach $26.83 in the next year. This suggests a possible upside of 78.9% from the stock's current price.
View analysts price targets for MP
or view top-rated stocks among Wall Street analysts.

How have MP shares performed in 2024?

MP Materials' stock was trading at $19.85 on January 1st, 2024. Since then, MP stock has decreased by 24.4% and is now trading at $15.00.
View the best growth stocks for 2024 here
.

Are investors shorting MP Materials?

MP Materials saw a increase in short interest in January. As of January 31st, there was short interest totaling 15,680,000 shares, an increase of 6.5% from the January 15th total of 14,720,000 shares. Based on an average trading volume of 2,740,000 shares, the short-interest ratio is presently 5.7 days. Approximately 11.0% of the shares of the stock are short sold.
View MP Materials' Short Interest
.

When is MP Materials' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our MP earnings forecast
.

How were MP Materials' earnings last quarter?

MP Materials Corp. (NYSE:MP) issued its quarterly earnings data on Thursday, November, 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.10. The company earned $99.75 million during the quarter, compared to analyst estimates of $77.10 million. MP Materials had a net margin of 35.21% and a trailing twelve-month return on equity of 9.87%. The company's quarterly revenue was up 143.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS.

Who are MP Materials' major shareholders?

MP Materials' stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.67%), Van ECK Associates Corp (1.76%), Baillie Gifford & Co. (1.66%), Dimensional Fund Advisors LP (1.30%), First Trust Advisors LP (0.82%) and Charles Schwab Investment Management Inc. (0.67%). Insiders that own company stock include Andrew A Mcknight, Connie K Duckworth, Daniel Allen Gold, Elliot Dean Hoops, Financial Lp Qvt, James H Litinsky, Jhl Capital Group Llc, Michael Stuart Rosenthal, Randall J Weisenburger and Ryan Corbett.
View institutional ownership trends
.

How do I buy shares of MP Materials?

Shares of MP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MP) was last updated on 2/24/2024 by MarketBeat.com Staff