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NYSE:MP

MP Materials (MP) Stock Price, News & Analysis

$17.67
-0.35 (-1.94%)
(As of 05/21/2024 ET)
Today's Range
$17.46
$17.96
50-Day Range
$13.05
$18.42
52-Week Range
$12.68
$26.53
Volume
2.20 million shs
Average Volume
3.54 million shs
Market Capitalization
$2.92 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$23.64

MP Materials MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
33.8% Upside
$23.64 Price Target
Short Interest
Healthy
22.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.55mentions of MP Materials in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$5.74 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.17) to $0.19 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.

3.51 out of 5 stars

Basic Materials Sector

73rd out of 172 stocks

Metal Mining Industry

7th out of 21 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

Benchmark Reiterates Buy Rating for MP Materials (NYSE:MP)
Benchmark Co. Reaffirms Their Buy Rating on MP Materials (MP)
MP Materials Reports First Quarter 2024 Results
3 Rare Earth Stocks Crucial for Advanced Technologies
Should You Hold MP Materials (MP) for the Long Term?
JP Morgan Downgrades MP Materials (MP)
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
5/21/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
N/A
Fax
N/A
Employees
681
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$23.64
High Stock Price Target
$39.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+34.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$24.31 million
Pretax Margin
5.53%

Debt

Sales & Book Value

Annual Sales
$253.45 million
Cash Flow
$0.59 per share
Book Value
$7.67 per share

Miscellaneous

Free Float
144,487,000
Market Cap
$2.91 billion
Optionable
Optionable
Beta
2.31
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MP Stock Analysis - Frequently Asked Questions

Should I buy or sell MP Materials stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MP Materials in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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?

7 Wall Street research analysts have issued 1-year target prices for MP Materials' stock. Their MP share price targets range from $15.00 to $39.00. On average, they anticipate the company's stock price to reach $23.64 in the next twelve months. This suggests a possible upside of 33.8% 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 at the beginning of the year. Since then, MP stock has decreased by 11.0% and is now trading at $17.67.
View the best growth stocks for 2024 here
.

When is MP Materials' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our MP earnings forecast
.

How were MP Materials' earnings last quarter?

MP Materials Corp. (NYSE:MP) issued its quarterly earnings results on Thursday, February, 22nd. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The business had revenue of $41.21 million for the quarter, compared to analysts' expectations of $47.40 million. MP Materials had a negative trailing twelve-month return on equity of 0.61% and a net margin of 1.62%.

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. (7.78%), Van ECK Associates Corp (1.72%), Baillie Gifford & Co. (1.54%), Price T Rowe Associates Inc. MD (1.01%), Clearbridge Investments LLC (0.41%) and Portman Square Capital LLP (0.00%). 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 5/21/2024 by MarketBeat.com Staff

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