MP Materials (NYSE:MP) Receives “Sell (D-)” Rating from Weiss Ratings

MP Materials (NYSE:MP)‘s stock had its “sell (d-)” rating reissued by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts have also issued research reports about the company. Morgan Stanley set a $69.00 price objective on MP Materials in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on MP Materials from $20.00 to $69.00 and gave the stock a “hold” rating in a report on Thursday, July 17th. Daiwa America raised MP Materials to a “strong-buy” rating in a report on Monday, September 22nd. JPMorgan Chase & Co. lifted their price objective on MP Materials from $18.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Finally, DA Davidson lifted their price objective on MP Materials from $32.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $68.78.

MP Materials Stock Performance

Shares of NYSE MP opened at $70.57 on Wednesday. The company has a quick ratio of 3.12, a current ratio of 3.60 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $69.40 and its two-hundred day moving average is $44.31. The company has a market cap of $12.50 billion, a P/E ratio of -112.02 and a beta of 2.32. MP Materials has a 12 month low of $15.56 and a 12 month high of $82.50.

MP Materials (NYSE:MP) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.03. MP Materials had a negative return on equity of 9.34% and a negative net margin of 41.87%.The company had revenue of $57.39 million for the quarter, compared to the consensus estimate of $44.84 million. During the same period in the previous year, the business posted ($0.17) EPS. The company’s revenue for the quarter was up 83.6% on a year-over-year basis. On average, equities analysts expect that MP Materials will post -0.19 EPS for the current year.

Insider Buying and Selling

In related news, COO Michael Stuart Rosenthal sold 150,000 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $72.02, for a total value of $10,803,000.00. Following the sale, the chief operating officer owned 1,284,409 shares of the company’s stock, valued at $92,503,136.18. The trade was a 10.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.50% of the stock is currently owned by corporate insiders.

Institutional Trading of MP Materials

Several institutional investors have recently bought and sold shares of MP. Highline Wealth Partners LLC acquired a new stake in MP Materials in the 2nd quarter valued at $25,000. AdvisorNet Financial Inc boosted its stake in MP Materials by 168.7% in the second quarter. AdvisorNet Financial Inc now owns 806 shares of the company’s stock worth $27,000 after purchasing an additional 506 shares in the last quarter. NBC Securities Inc. boosted its stake in MP Materials by 119,900.0% in the first quarter. NBC Securities Inc. now owns 1,200 shares of the company’s stock worth $29,000 after purchasing an additional 1,199 shares in the last quarter. MAI Capital Management boosted its stake in MP Materials by 132.7% in the first quarter. MAI Capital Management now owns 1,403 shares of the company’s stock worth $34,000 after purchasing an additional 800 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in MP Materials by 181.3% in the second quarter. Spire Wealth Management now owns 1,010 shares of the company’s stock worth $34,000 after purchasing an additional 651 shares in the last quarter. Institutional investors and hedge funds own 52.55% of the company’s stock.

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.