MP Materials Corp. (NYSE:MP - Get Free Report) CEO James Litinsky sold 40,821 shares of the business's stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $64.05, for a total transaction of $2,614,585.05. Following the completion of the transaction, the chief executive officer directly owned 12,765,144 shares of the company's stock, valued at $817,607,473.20. This trade represents a 0.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
MP Materials Stock Up 8.6%
MP Materials stock opened at $66.24 on Tuesday. The company has a quick ratio of 6.67, a current ratio of 7.24 and a debt-to-equity ratio of 0.47. The firm has a market cap of $11.77 billion, a P/E ratio of -127.38 and a beta of 1.67. The business has a fifty day moving average of $56.70 and a two-hundred day moving average of $60.82. MP Materials Corp. has a twelve month low of $18.64 and a twelve month high of $100.25.
MP Materials (NYSE:MP - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.07. The business had revenue of $52.69 million for the quarter, compared to the consensus estimate of $76.06 million. MP Materials had a negative return on equity of 4.28% and a negative net margin of 38.26%.The business's revenue was down 13.6% compared to the same quarter last year. During the same period last year, the business posted ($0.12) EPS. On average, analysts forecast that MP Materials Corp. will post 0.08 earnings per share for the current fiscal year.
Hedge Funds Weigh In On MP Materials
Several hedge funds have recently made changes to their positions in MP. Sound Income Strategies LLC raised its stake in MP Materials by 420.0% in the 3rd quarter. Sound Income Strategies LLC now owns 364 shares of the company's stock worth $26,000 after acquiring an additional 294 shares during the last quarter. EMC Capital Management purchased a new stake in MP Materials during the 4th quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in MP Materials during the 4th quarter valued at about $26,000. REAP Financial Group LLC acquired a new position in shares of MP Materials in the fourth quarter valued at about $26,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of MP Materials in the fourth quarter valued at about $28,000. 52.55% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MP has been the subject of a number of recent research reports. TD Securities upgraded shares of MP Materials to a "strong-buy" rating in a report on Monday, February 9th. Wedbush began coverage on shares of MP Materials in a report on Monday. They issued an "outperform" rating and a $90.00 price target on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of MP Materials in a research report on Thursday, January 22nd. Morgan Stanley reduced their price objective on shares of MP Materials from $71.00 to $62.00 and set an "overweight" rating for the company in a research note on Thursday, April 9th. Finally, DA Davidson reissued a "buy" rating and set a $82.00 target price on shares of MP Materials in a research report on Wednesday, March 11th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $79.08.
View Our Latest Analysis on MP
Key Headlines Impacting MP Materials
Here are the key news stories impacting MP Materials this week:
- Positive Sentiment: Wedbush initiated coverage with an Outperform and a $90 target, framing MP as the leading integrated U.S. rare‑earth producer benefiting from Washington’s push to onshore critical‑mineral supply chains. Wedbush Projects $90 for MP Materials
- Positive Sentiment: Analyst/upgrades narrative: Seeking Alpha and other notes argue MP’s profile shifts from cyclical miner to more stable operator because of U.S. government deals and planned domestic processing/manufacturing ramp, which could lift margins and earnings from 2026 onward. MP Materials: Some Reasons For Optimism Ahead Of Earnings (Upgrade)
- Neutral Sentiment: Sector M&A and supply‑chain deals (notably a large USAR acquisition) are lifting rare‑earth names, giving MP positive momentum via sector re‑rating even though the transactions are indirect for MP. Rare Earth Trade Is Back: USAR, MP Stocks Climb
- Negative Sentiment: CEO James H. Litinsky sold shares in two transactions this week (259,179 shares on Apr. 20 at ~$64.03 and 40,821 shares on Apr. 17 at ~$64.05), totaling roughly $19M; the sales were executed under a pre‑arranged Rule 10b5‑1 plan but represent a modest reduction in his stake (about 2.03% in the larger sale). SEC Filing
About MP Materials
(
Get Free Report)
MP Materials Corporation operates as a vertically integrated producer of rare earth materials in North America. The company owns and manages the Mountain Pass Rare Earth Mine and Processing Facility in California, the only commercially viable rare earth mining and processing site in the United States. MP Materials extracts, separates and refines critical rare earth elements—such as neodymium, praseodymium, and cerium—which are essential inputs for permanent magnets used in electric vehicles, wind turbines, and various defense applications.
The Mountain Pass mine first began commercial rare earth production in the 1950s and was later operated by Molycorp until its bankruptcy in 2015.
Further Reading
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