Key Points
- CEO James Litinsky sold 385,000 shares on Dec. 5 at an average price of $62.94, generating $24,231,900 in proceeds and reducing his stake by 2.85% to 13,105,965 shares (valued at about $824.9M).
- MP Materials reported Q3 revenue of $53.55M and EPS of ($0.10), beating estimates but showing a 14.9% year‑over‑year revenue decline and negative margins; analysts expect a full‑year EPS of about ($0.19).
- The stock has a market cap of roughly $11.02B, a 12‑month range of $15.56–$100.25, and a consensus analyst rating of "Moderate Buy" with an average price target of $78.91.
MP Materials Corp. (NYSE:MP - Get Free Report) CEO James Litinsky sold 385,000 shares of the business's stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $62.94, for a total value of $24,231,900.00. Following the transaction, the chief executive officer owned 13,105,965 shares in the company, valued at $824,889,437.10. The trade was a 2.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
MP Materials Stock Up 0.6%
MP opened at $62.17 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 8.05 and a quick ratio of 7.51. MP Materials Corp. has a 12 month low of $15.56 and a 12 month high of $100.25. The stock has a market capitalization of $11.02 billion, a P/E ratio of -87.56 and a beta of 1.69. The business has a 50 day simple moving average of $66.48 and a 200-day simple moving average of $56.58.
MP Materials (NYSE:MP - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.05. MP Materials had a negative return on equity of 7.69% and a negative net margin of 50.55%.The firm had revenue of $53.55 million for the quarter, compared to analyst estimates of $49.72 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. MP Materials's quarterly revenue was down 14.9% on a year-over-year basis. On average, equities analysts anticipate that MP Materials Corp. will post -0.19 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of MP Materials from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $75.00 to $74.00 in a research note on Friday, November 14th. Cfra Research upgraded shares of MP Materials to a "moderate buy" rating in a research report on Monday, August 11th. Daiwa America upgraded MP Materials to a "strong-buy" rating in a report on Monday, September 22nd. Deutsche Bank Aktiengesellschaft raised MP Materials from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $68.00 to $71.00 in a report on Monday, November 10th. Finally, Bank of America upped their target price on MP Materials from $78.00 to $112.00 and gave the company a "buy" rating in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $78.91.
Get Our Latest Stock Report on MP
Institutional Investors Weigh In On MP Materials
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Highline Wealth Partners LLC acquired a new position in shares of MP Materials in the second quarter worth $25,000. Sound Income Strategies LLC increased its position in MP Materials by 420.0% during the 3rd quarter. Sound Income Strategies LLC now owns 364 shares of the company's stock worth $26,000 after purchasing an additional 294 shares in the last quarter. AdvisorNet Financial Inc raised its stake in MP Materials by 168.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 806 shares of the company's stock valued at $27,000 after purchasing an additional 506 shares during the last quarter. MAI Capital Management lifted its holdings in MP Materials by 132.7% in the 1st quarter. MAI Capital Management now owns 1,403 shares of the company's stock valued at $34,000 after purchasing an additional 800 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in shares of MP Materials by 181.3% during the 2nd quarter. Spire Wealth Management now owns 1,010 shares of the company's stock worth $34,000 after purchasing an additional 651 shares during the last quarter. Hedge funds and other institutional investors own 52.55% of the company's stock.
MP Materials Company Profile
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Get Free Report)
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.
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