MP Materials Corp. engages in the ownership and operation of integrated rare earth mining and processing facilities. It owns and operates the Mountain Pass facility located in the Western Hemisphere. The company 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. It offers neodymium and praseodymium that are rare earth elements, which in combination form neodymium-praseodymium. The company was incorporated in 2017 and is headquartered in Las Vegas, Nevada.
IPO Year: 2020
Exchange: NYSE
Website: mpmaterials.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/27/2024 | $20.00 → $25.00 | Outperform | Robert W. Baird |
| 7/15/2024 | $16.50 | Market Perform | BMO Capital Markets |
| 4/23/2024 | $20.00 → $16.00 | Overweight → Neutral | JP Morgan |
| 3/13/2024 | $26.00 → $15.50 | Overweight → Equal-Weight | Morgan Stanley |
| 9/6/2023 | Market Perform → Outperform | Northland Capital | |
| 8/31/2023 | $27.00 | Overweight | JP Morgan |
| 4/18/2023 | $32.00 | Outperform → Market Perform | Northland Capital |
| 7/13/2022 | $44.00 | Buy | Canaccord Genuity |
| 6/6/2022 | $60.00 | Outperform | Northland Capital |
| 6/1/2022 | $50.00 | Outperform | BMO Capital Markets |
Revenue increased 20% year-over-year to $62.9 million Record REO production of 13,742 metric tons, a 28% increase year-over-year Record NdPr production of 478 metric tons, a 76% sequential increase NdPr sales volumes nearly tripled sequentially to 404 metric tons Fort Worth metal production in commissioning with deliveries on track for year-end MP Materials Corp. (NYSE:MP) ("MP Materials" or the "Company") today announced financial and operational results for the three months ended September 30, 2024. "The MP team delivered record production of rare earth concentrate and NdPr oxide in the third quarter," said James Litinsky, Founder, Chairman, and CEO of MP Materials. "Despite continu
GREENWICH, Conn., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
MP Materials Corp. (NYSE:MP) today announced that Ryan Corbett, Chief Financial Officer, will participate in the following conferences: The Gabelli Funds 48th Annual Automotive Symposium on Monday, November 4, 2024, at 2:50 p.m. Eastern Time. The Baird 2024 Global Industrial Conference on Wednesday, November 13, 2024, at 11:15 a.m. Eastern Time. Live webcasts and replays will be available at https://investors.mpmaterials.com/. About MP Materials MP Materials (NYSE:MP) produces specialty materials that are vital inputs for electrification and other advanced technologies. MP's Mountain Pass facility is America's only scaled rare earth production source. The company is currently expanding
GREENWICH, Conn., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
MP Materials Corp. (NYSE:MP) will release its financial results for the third quarter ended September 30, 2024, after the U.S. markets close on Thursday, November 7, 2024. MP Materials' management will host a conference call and webcast that afternoon at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Prior to the conference call and webcast, MP Materials will issue a press release and post a slide presentation at https://investors.mpmaterials.com/. Conference Call Details Event: MP Materials Q3 2024 Financial Results Conference Call and Webcast Date: Thursday, November 7, 2024 Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) Webcast: https://investors.mpmaterials.com/ Replay: A w
GREENWICH, Conn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
USA News Group CommentaryIssued on behalf of Troy Minerals Inc. VANCOUVER, BC, Sept. 3, 2024 /PRNewswire/ -- USA News Group – Experts in the critical minerals space are sounding the alarm that recent changes to China's export controls could have serious global critical supply chain implications. While the changes directly will impact the tungsten market, mining strategists worry that it's a confrontational signal for potentially more to come. The ripple effect could make things worse, as a recent report from the Federation of American Scientists states that the United States will need to use ten times more critical minerals than it currently does to achieve its clean energy transition. Playe
MP Materials Corp. (NYSE:MP) ("MP Materials" or the "Company") today announced that its Board of Directors has approved a $300 million increase to the Company's existing share repurchase program, bringing the total authorized amount to $600 million. The share repurchase program has also been extended and is now effective until August 30, 2026. Subsequent to the most recent earnings announcement on August 1, 2024, MP Materials repurchased 1.4% of the Company, or approximately 2.2 million shares, at an average price of $10.84. Together with repurchases made in March, MP Materials has now repurchased approximately 8.6% of the Company's shares of common stock for a total of $225.1 million in
MP Materials Corp. (NYSE:MP) today announced that James Litinsky, Founder, Chairman, and Chief Executive Officer, will participate in the following conferences: The Jefferies Industrials Conference on Wednesday, September 4, 2024, at 1:20 p.m. Eastern Time. Morgan Stanley 12th Annual Laguna Conference on Wednesday, September 11, 2024, at 2:05 p.m. Eastern Time. A live webcast and replay will be available at https://investors.mpmaterials.com/. About MP Materials MP Materials (NYSE:MP) produces specialty materials that are vital inputs for electrification and other advanced technologies. MP's Mountain Pass facility is America's only scaled rare earth production source. The company i
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NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
Revenue increased 20% year-over-year to $62.9 million Record REO production of 13,742 metric tons, a 28% increase year-over-year Record NdPr production of 478 metric tons, a 76% sequential increase NdPr sales volumes nearly tripled sequentially to 404 metric tons Fort Worth metal production in commissioning with deliveries on track for year-end MP Materials Corp. (NYSE:MP) ("MP Materials" or the "Company") today announced financial and operational results for the three months ended September 30, 2024. "The MP team delivered record production of rare earth concentrate and NdPr oxide in the third quarter," said James Litinsky, Founder, Chairman, and CEO of MP Materials. "Despite continu
MP Materials Corp. (NYSE:MP) will release its financial results for the third quarter ended September 30, 2024, after the U.S. markets close on Thursday, November 7, 2024. MP Materials' management will host a conference call and webcast that afternoon at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Prior to the conference call and webcast, MP Materials will issue a press release and post a slide presentation at https://investors.mpmaterials.com/. Conference Call Details Event: MP Materials Q3 2024 Financial Results Conference Call and Webcast Date: Thursday, November 7, 2024 Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) Webcast: https://investors.mpmaterials.com/ Replay: A w
USA News Group CommentaryIssued on behalf of Troy Minerals Inc. VANCOUVER, BC, Sept. 3, 2024 /PRNewswire/ -- USA News Group – Experts in the critical minerals space are sounding the alarm that recent changes to China's export controls could have serious global critical supply chain implications. While the changes directly will impact the tungsten market, mining strategists worry that it's a confrontational signal for potentially more to come. The ripple effect could make things worse, as a recent report from the Federation of American Scientists states that the United States will need to use ten times more critical minerals than it currently does to achieve its clean energy transition. Playe
NdPr production more than doubled quarter-over-quarter to 272 metric tons; expect 50% sequential growth in Q3 Signed NdPr supply agreement with a global automaker for a significant volume commitment Awarded Department of Defense NdPr supply contract Received initial $50 million magnetics customer prepayment Expecting approximately $190 million in additional customer prepayments and tax credits by the end of 2025 Commissioned prototype magnet production line in Fort Worth; start of commercial metal production on track for 2024 MP Materials Corp. (NYSE:MP) ("MP Materials" or the "Company"), today announced financial and operational results for the three months ended June 30, 2024.
MP Materials Corp. (NYSE:MP) will release its financial results for the second quarter ended June 30, 2024, after the U.S. markets close on Thursday, August 1, 2024. MP Materials' management will host a conference call and webcast that afternoon at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Prior to the conference call and webcast, MP Materials will issue a press release and post a slide presentation at https://investors.mpmaterials.com/. Conference Call Details Event: MP Materials Q2 2024 Financial Results Conference Call and Webcast Date: Thursday, August 1, 2024 Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) Webcast: https://investors.mpmaterials.com/ Live Call Pre-Re
REO production of 11,151 metric tons, the second highest ever Initial design capacity (1,000 mt) of magnetics facility fully committed Repurchased 13.0 million shares of common stock, or 7.3% of shares outstanding, for $15.43 per share Issued $747.5 million of new 3.0% convertible notes due 2030 Repurchased $480.0 million of existing convertible notes due 2026 for $428.6 million Awarded $58.5 million tax credit to advance U.S. rare earth magnet manufacturing MP Materials Corp. (NYSE:MP) ("MP Materials" or the "Company"), today announced financial and operational results for the three months ended March 31, 2024. "The MP team continues to execute, delivering the second highest
USA News Group CommentaryIssued on behalf of Ares Strategic Mining Inc. VANCOUVER, BC, May 1, 2024 /PRNewswire/ -- In an effort to bolster the domestic supply chain for critical minerals and materials, the Biden Administration recently announced a $17.5-million investment to develop more affordable, sustainable production processes throughout the USA. The announcement came just days after the Center for Strategic & International Studies's (CSIS) Project on Critical Minerals Security launch, meant to build the resilient supply chains needed for national, economic, and energy security. These initiatives are meant to build out a more robust supply of the 50 mineral commodities within the curren
MP Materials Corp. (NYSE:MP) will release its financial results for the first quarter ended March 31, 2024, after the U.S. markets close on Thursday, May 2, 2024. MP Materials' management will host a conference call and webcast that afternoon at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Prior to the conference call and webcast, MP Materials will issue a press release and post a slide presentation at https://investors.mpmaterials.com/. Conference Call Details Event: MP Materials Q1 2024 Financial Results Conference Call and Webcast Date: Thursday, May 2, 2024 Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) Webcast: https://investors.mpmaterials.com/ Live Call Pre-Registra
Exceeded 40,000 metric tons of REO production for the third consecutive year Commenced production of separated rare earth products Produced 200 metric tons of NdPr oxide in 2023 Generated $253.4 million of revenue in 2023 Produced $24.3 million of net income and Adjusted EBITDA of $102.5 million in 2023 MP Materials Corp. (NYSE:MP) ("MP Materials" or the "Company") today announced its financial results for the fourth quarter and full year ended December 31, 2023. Full Year 2023 Highlights Produced 41,557 metric tons of rare earth oxides ("REO") in concentrate Produced 200 metric tons of NdPr oxide Sold 36,837 metric tons of REO, generating revenue of $253.4 million P
MP Materials Corp. (NYSE:MP) will release its financial results for the fourth quarter and year ended December 31, 2023, after the U.S. markets close on Thursday, February 22, 2024. MP Materials' management will host a conference call and webcast that afternoon at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Prior to the conference call and webcast, MP Materials will issue a press release and post a slide presentation at https://investors.mpmaterials.com/. Conference Call Details Event: MP Materials Q4 and Full Year 2023 Financial Results Conference Call and Webcast Date: Thursday, February 22, 2024 Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) Webcast: https://investors.m
JP Morgan analyst Bill Peterson maintains MP Materials (NYSE:MP) with a Neutral and lowers the price target from $16 to $15.
Baird analyst Ben Kallo maintains MP Materials (NYSE:MP) with a Outperform and lowers the price target from $24 to $20.
Throughout the last three months, 6 analysts have evaluated MP Materials (NYSE:MP), offering a diverse set of opinions from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 1 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $21.75, with a high estimate of $30.00 and a low estimate of $14.00. Highlighting a 13.42% decrease, the cu
BMO Capital analyst Greg Jones initiates coverage on MP Materials (NYSE:MP) with a Market Perform rating and announces Price Target of $16.5.
B of A Securities analyst Lawson Winder maintains MP Materials (NYSE:MP) with a Buy and lowers the price target from $25 to $24.
MP Materials (NYSE:MP) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 1 0 0 3M Ago 0 0 1 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $21.0, with a high estimate of $30.00 and a low estimate of $14.00. Experiencing a 9.17% decline, the current average
Morgan Stanley analyst Carlos De Alba maintains MP Materials (NYSE:MP) with a Equal-Weight and lowers the price target from $15.5 to $14.
The growing trend of hybrid electric vehicle (HEV) adoption is poised to reshape the landscape for essential raw materials. Bill Peterson from JPMorgan outlines how this shift impacts the demand for lithium, rare earths, copper and aluminum. For investors, this shift comes with significant implications in related ETFs such as the Global X Lithium & Battery Tech ETF (NYSE:LIT), Amplify Lithium & Battery Technology ETF (NYSE:BATT), WisdomTree Battery Value Chain and Innovation Fund (NYSE:WBAT) and the United States Copper Index Fund (NYSE:CPER). Lithium and Rare Earths: Balancing Act The demand for lithium and rare earths is projected to decline due to lower battery electric vehicl
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommends buying sports betting company DraftKings Inc. (NASDAQ:DKNG), proclaiming, “I think it's terrific.” On May 2, DraftKings reported first-quarter revenue of $1.18 billion, up 53% year-over-year. The revenue total beat a Street consensus estimate of $1.12 billion, according to data from Benzinga Pro. The global online sports betting market size had a value of roughly $54.6 billion in 2023. It’s projected to exceed $142 billion by 2032, per Zion Market Research. Cramer also called Accenture plc (NYSE:ACN) “too low.” On May 15, Deutsche Bank analyst Bryan Keane downgraded Accenture from Buy to Hold and lowered the price tar
MP Materials (NYSE:MP) underwent analysis by 10 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 2 3 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 1 0 0 2M Ago 1 0 1 0 0 3M Ago 2 2 1 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $22.35, a high estimate of $30.00, and a low estimate of $15.00. A 11.76% drop is evident in the current average compared to the p
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Robert W. Baird reiterated coverage of MP Materials with a rating of Outperform and set a new price target of $25.00 from $20.00 previously
BMO Capital Markets initiated coverage of MP Materials with a rating of Market Perform and set a new price target of $16.50
JP Morgan downgraded MP Materials from Overweight to Neutral and set a new price target of $16.00 from $20.00 previously
Morgan Stanley downgraded MP Materials from Overweight to Equal-Weight and set a new price target of $15.50 from $26.00 previously
Northland Capital upgraded MP Materials from Market Perform to Outperform
JP Morgan initiated coverage of MP Materials with a rating of Overweight and set a new price target of $27.00
Northland Capital downgraded MP Materials from Outperform to Market Perform and set a new price target of $32.00
Canaccord Genuity initiated coverage of MP Materials with a rating of Buy and set a new price target of $44.00
Northland Capital resumed coverage of MP Materials with a rating of Outperform and set a new price target of $60.00
BMO Capital Markets initiated coverage of MP Materials with a rating of Outperform and set a new price target of $50.00
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