In yesterday’s Wall Street session, MP Materials Corp. (NYSE:MP) shares traded at $23.30, up 1.84% from the previous session.
As of this writing, 12 analysts cover MP Materials Corp. (NYSE:MP). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $56.00 and a low of $26.00, we find $32.00. Given the previous closing price of $22.88, this indicates a potential upside of 39.86 percent. MP stock price is now 6.24% away from the 50-day moving average and -16.72% away from the 200-day moving average. The market capitalization of the company currently stands at $4.08B.
There are 2 analysts who have given it a hold rating, whereas 9 have given it a buy rating. Brokers who have rated the stock have averaged $35.36 as their price target over the next twelve months.
With the price target maintained at $32, Northland Capital recently Downgraded its rating from Outperform to Market Perform for MP Materials Corp. (NYSE: MP).
In other news, Rosenthal Michael Stuart, Chief Operating Officer bought 5,000 shares of the company’s stock on May 31. The stock was bought for $103,450 at an average price of $20.69. Upon completion of the transaction, the Chief Operating Officer now directly owns 126,622 shares in the company, valued at $2.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 30, Chief Operating Officer Rosenthal Michael Stuart bought 6,000 shares of the business’s stock. A total of $126,840 was incurred on buying the stock at an average price of $21.14. This leaves the insider owning 121,622 shares of the company worth $2.83 million. Insiders disposed of 85,784,073 shares of company stock worth roughly $2.0 billion over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MP stock. A new stake in MP Materials Corp. shares was purchased by FRONTIER CAPITAL MANAGEMENT CO LLC during the first quarter worth $19,615,000. SEGALL BRYANT & HAMILL, LLC invested $7,489,000 in shares of MP during the first quarter. In the first quarter, CLEAR SKY ADVISERS, LLC acquired a new stake in MP Materials Corp. valued at approximately $4,331,000. HSBC HOLDINGS PLC acquired a new stake in MP for approximately $3,977,000. YAUPON CAPITAL MANAGEMENT LP purchased a new stake in MP valued at around $3,262,000 in the second quarter. In total, there are 534 active investors with 65.30% ownership of the company’s stock.
Monday morning saw MP Materials Corp. (NYSE: MP) opened at $23.15. During the past 12 months, MP Materials Corp. has had a low of $20.21 and a high of $40.12. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 13.50, and a quick ratio of 12.80. According to the stock market information, the enterprise value for the company is $3.57B, which is based on a 18.36 price-to-earnings ratio, a 0.67 price-to-earnings-growth ratio, and a beta of 2.64. The fifty day moving average price for MP is $21.91 and a two-hundred day moving average price translates $27.93 for the stock.
The latest earnings results from MP Materials Corp. (NYSE: MP) was released for Mar, 2023. According to the Other Industrial Metals & Mining Company, earnings per share came in at $0.27, beating analysts’ expectations of $0.18 by 0.09. This compares to $0.44 EPS in the same period last year. The net profit margin was 52.70% and return on equity was 19.00% for MP. The company reported revenue of $95.7 million for the quarter, compared to $166.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -42.44 percent. For the current quarter, analysts expect MP to generate $65.12M in revenue.
MP Materials Corp.(MP) Company Profile
MP Materials Corp., together with its subsidiaries, produces rare earth materials in the Western Hemisphere. 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. The company was founded in 2017 and is headquartered in Las Vegas, Nevada.
