MP Materials (NYSE:MP) COO Michael Stuart Rosenthal Acquires 5,000 Shares of Company Stock

MP Materials Corp. (NYSE:MP) COO Michael Rosenthal purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, November 11th. The stock was bought at an average price of $37.30 per share, with a total value of $186,500.00. Following the completion of the transaction, the chief operating officer directly owned 1,365,673 shares of the company’s stock, valued at approximately $50,939,602.90. This represents a 0.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Michael Stuart Rosenthal also recently made the following trade(s):

• On Tuesday, November 10th, Michael Rosenthal acquired 27,000 shares of MP Materials stock. The shares were bought at an average price of $36.61 per share, for a total transaction of $988,470.00.

MP Materials Stock Performance

NYSE MP opened at $36.81 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.04 and a current ratio of 6.75. The stock’s fifty day moving average is $44.57 and its two-hundred day moving average is $53.98. The firm has a market capitalization of $6.56 billion, a P/E ratio of -167.32 and a beta of 2.05. MP Materials Corp. has a fifty-two week low of $31.90 and a fifty-two week high of $76.80.

MP Materials (NYSE:MP) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.06. The business had revenue of $147.66 million for the quarter, compared to analyst estimates of $117.37 million. MP Materials had a negative return on equity of 0.05% and a negative net margin of 9.90%. The company’s quarterly revenue was up 175.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.10) EPS. On average, research analysts anticipate that MP Materials Corp. will post -0.21 earnings per share for the current year.

More MP Materials News

Here’s some of the latest news about MP:

• Positive Sentiment: MP reported a third-quarter earnings and revenue beat: EPS was $0.04 versus consensus of a $0.02 loss, and revenue of $147.66 million exceeded the $117.37 million estimate. Higher NdPr sales and pricing contributed to the results. Zacks earnings analysis
• Neutral Sentiment: Despite the earnings beat and contract progress with General Motors, Apple, and U.S. defense customers, one analysis noted that the share price had weakened recently, raising questions about how much future growth is already reflected in the valuation. Yahoo Finance analysis
• Negative Sentiment: Analyst views remain divided: a report cited a downgrade, and Deutsche Bank cut its price target to $40 from $53 while keeping a Buy rating. Analyst downgrade report Deutsche Bank price target

Hedge Funds Weigh In On MP Materials

Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new position in shares of MP Materials in the third quarter valued at approximately $1,479,000. GW&K Investment Management LLC purchased a new stake in MP Materials during the 3rd quarter worth approximately $30,000. Independent Advisor Alliance increased its stake in MP Materials by 9.5% during the 3rd quarter. Independent Advisor Alliance now owns 7,206 shares of the company’s stock worth $335,000 after buying an additional 623 shares during the period. Voya Investment Management LLC lifted its holdings in MP Materials by 72.4% during the 3rd quarter. Voya Investment Management LLC now owns 1,482,169 shares of the company’s stock worth $70,092,000 after buying an additional 622,641 shares in the last quarter. Finally, South Dakota Investment Council boosted its position in MP Materials by 3.6% in the 3rd quarter. South Dakota Investment Council now owns 53,048 shares of the company’s stock valued at $2,509,000 after buying an additional 1,839 shares during the period. Institutional investors and hedge funds own 52.55% of the company’s stock.

Analyst Upgrades and Downgrades

MP has been the topic of several analyst reports. Morgan Stanley reduced their price target on shares of MP Materials from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 7th. JPMorgan Chase & Co. decreased their price target on MP Materials from $75.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Barclays decreased their target price on shares of MP Materials from $65.00 to $54.00 and set an “overweight” rating on the stock in a research report on Monday. Wall Street Zen upgraded shares of MP Materials from a “sell” rating to a “hold” rating in a research report on Saturday, November 7th. Finally, DA Davidson reissued a “buy” rating and issued a $82.00 price target on shares of MP Materials in a research note on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.50.

About MP Materials

MP Materials operates the Mountain Pass rare earth mine and processing facility in California. The site is a major North American source of rare earth materials, which are used in products such as electric vehicles, wind turbines, electronics and defense systems. The company mines and processes rare earth ore into concentrate and separated products, including neodymium-praseodymium (NdPr), a key input for high-strength permanent magnets. MP Materials is also developing domestic magnet manufacturing capabilities to extend its business further along the supply chain.