MP Materials Corp. (NYSE:MP) Given Consensus Rating of “Moderate Buy” by Analysts

MP Materials Corp. (NYSE:MP) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $22.45.

A number of equities research analysts have issued reports on MP shares. Canaccord Genuity Group boosted their price target on MP Materials from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. BMO Capital Markets boosted their price target on MP Materials from $19.50 to $22.00 and gave the company a “market perform” rating in a research report on Monday, January 27th.

Insider Transactions at MP Materials

In related news, CEO James H. Litinsky sold 386,223 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $24.01, for a total value of $9,273,214.23. Following the completion of the transaction, the chief executive officer now owns 15,643,076 shares of the company’s stock, valued at approximately $375,590,254.76. This represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 12.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MP. Creative Planning boosted its holdings in MP Materials by 219.0% in the third quarter. Creative Planning now owns 46,871 shares of the company’s stock valued at $827,000 after purchasing an additional 32,176 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in MP Materials by 56.2% during the third quarter. Louisiana State Employees Retirement System now owns 59,200 shares of the company’s stock valued at $1,045,000 after buying an additional 21,300 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in MP Materials during the third quarter valued at approximately $188,000. State of Alaska Department of Revenue raised its stake in MP Materials by 349.0% during the third quarter. State of Alaska Department of Revenue now owns 69,838 shares of the company’s stock valued at $1,232,000 after buying an additional 54,284 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in MP Materials by 2.6% during the third quarter. New York State Teachers Retirement System now owns 93,100 shares of the company’s stock valued at $1,643,000 after buying an additional 2,331 shares in the last quarter. Hedge funds and other institutional investors own 52.55% of the company’s stock.

MP Materials Stock Performance

MP Materials stock opened at $25.03 on Monday. The firm has a market capitalization of $4.09 billion, a P/E ratio of -42.43 and a beta of 2.32. The stock has a fifty day moving average price of $21.69 and a 200 day moving average price of $18.71. MP Materials has a 52 week low of $10.02 and a 52 week high of $26.00. The company has a current ratio of 6.93, a quick ratio of 6.13 and a debt-to-equity ratio of 0.88.

MP Materials (NYSE:MP) last released its earnings results on Thursday, February 20th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. The business had revenue of $60.99 million during the quarter, compared to analyst estimates of $50.71 million. Equities research analysts anticipate that MP Materials will post -0.19 earnings per share for the current year.

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.