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

MP Materials Corp. (NYSE:MP) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $23.61.

A number of analysts have weighed in on MP shares. BMO Capital Markets upped their target price on MP Materials from $22.00 to $29.00 and gave the stock a “market perform” rating in a report on Thursday, March 20th. DA Davidson boosted their price target on MP Materials from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, March 19th.

Insider Buying and Selling

In other news, CFO Ryan Corbett sold 15,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.00, for a total transaction of $405,000.00. Following the sale, the chief financial officer now directly owns 214,812 shares of the company’s stock, valued at $5,799,924. The trade was a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James H. Litinsky sold 386,223 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $24.01, for a total transaction of $9,273,214.23. Following the transaction, the chief executive officer now directly owns 15,643,076 shares of the company’s stock, valued at $375,590,254.76. This represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,330,015 shares of company stock worth $34,559,781 in the last ninety days. 12.60% of the stock is owned by insiders.

Institutional Trading of MP Materials

Several large investors have recently made changes to their positions in MP. JT Stratford LLC grew its position in MP Materials by 0.7% during the 4th quarter. JT Stratford LLC now owns 63,685 shares of the company’s stock worth $993,000 after purchasing an additional 424 shares during the period. Envestnet Asset Management Inc. grew its holdings in MP Materials by 3.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 20,650 shares of the company’s stock worth $322,000 after acquiring an additional 662 shares during the period. CENTRAL TRUST Co raised its position in MP Materials by 20.6% during the first quarter. CENTRAL TRUST Co now owns 3,965 shares of the company’s stock valued at $97,000 after acquiring an additional 678 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in MP Materials by 40.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,441 shares of the company’s stock valued at $38,000 after acquiring an additional 701 shares during the period. Finally, SWS Partners lifted its holdings in MP Materials by 0.4% in the fourth quarter. SWS Partners now owns 162,503 shares of the company’s stock valued at $2,535,000 after acquiring an additional 707 shares during the period. 52.55% of the stock is owned by hedge funds and other institutional investors.

MP Materials Stock Down 11.8 %

Shares of NYSE:MP opened at $23.23 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 6.93 and a quick ratio of 6.13. The business has a 50 day simple moving average of $24.65 and a two-hundred day simple moving average of $21.29. MP Materials has a 1 year low of $10.02 and a 1 year high of $29.72. The firm has a market capitalization of $3.80 billion, a PE ratio of -39.37 and a beta of 2.24.

MP Materials (NYSE:MP) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The business had revenue of $60.99 million during the quarter, compared to the consensus estimate of $50.71 million. MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. On average, equities analysts predict that MP Materials will post -0.19 EPS for the current year.

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.