MP Materials Corp. (MP)

NYSE: MP · IEX Real-Time Price · USD
28.19
+0.57 (2.06%)
Mar 31, 2023, 11:07 AM EDT - Market open
2.06%
Market Cap 5.22B
Revenue (ttm) 527.51M
Net Income (ttm) 289.00M
Shares Out 185.20M
EPS (ttm) 1.52
PE Ratio 18.41
Forward PE 26.18
Dividend n/a
Ex-Dividend Date n/a
Volume 394,606
Open 27.75
Previous Close 27.62
Day's Range 27.54 - 28.21
52-Week Range 23.50 - 59.58
Beta 2.79
Analysts Buy
Price Target 44.05 (+56.26%)
Earnings Date May 4, 2023

About MP

MP Materials Corp. owns and operates rare earth mining and processing facilities. It owns and operates the Mountain Pass Rare Earth mine 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 cerium, lanthanum, neodymium, praseodymium, and samarium. The company was founded in 2017 and is headquartered in Las Vegas, Nevada. [Read more]

Sector Materials
CEO Alberto Mario Griselli
Employees 365
Stock Exchange NYSE
Ticker Symbol MP
Full Company Profile

Financial Performance

In 2022, MP Materials's revenue was $527.51 million, an increase of 58.91% compared to the previous year's $331.95 million. Earnings were $289.00 million, an increase of 114.02%.

Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for MP stock is "Buy." The 12-month stock price forecast is $44.05, which is an increase of 56.26% from the latest price.

Price Target
$44.05
(56.26% upside)
Analyst Consensus: Buy
Stock Forecasts

News

MP Materials Elects Arnold W. Donald to Board

LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) announced today that Arnold W. Donald has been elected to the company's board of directors. Mr. Donald brings decades of ex...

3 weeks ago - Business Wire

Tesla's plan to slash transistor use sends some chipmakers' shares down

Tesla plans to slash use of silicon carbide transistors 75%, powertrain engineering leader Colin Campbell told investors Wednesday.

Other symbols: ONWOLF
1 month ago - CNBC

Tesla Sends MP Materials (MP) Stock Down 11%

Shares of MP Materials (NYSE: MP) opened lower by more than 10% following Tesla's (NASDAQ: TSLA) investor day event. The event, coined “Master Plan Part 3,” disclosed that the electric vehicle (EV) ...

1 month ago - InvestorPlace

MP Materials Corp. (MP) Tops Q4 Earnings and Revenue Estimates

MP Materials Corp. (MP) delivered earnings and revenue surprises of 200% and 12.98%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

MP Materials Reports Fourth Quarter and Full Year 2022 Results

LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) (“MP Materials” or the “Company”) today announced its financial results for the fourth quarter and full year ended December...

1 month ago - Business Wire

Is MP Materials Corp. (MP) a Buy as Wall Street Analysts Look Optimistic?

According to the average brokerage recommendation (ABR), one should invest in MP Materials Corp. (MP). It is debatable whether this highly sought-after metric is effective because Wall Street analysts...

1 month ago - Zacks Investment Research

MP Materials and Sumitomo Corporation Strengthen Rare Earth Supply in Japan

LAS VEGAS & TOKYO--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) and Sumitomo Corporation ("SC") today announced an agreement to diversify and strengthen rare earth supplies in Jap...

1 month ago - Business Wire

MP Materials to Participate in the BMO Global Metals, Mining and Critical Minerals Conference

LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) today announced that James Litinsky, Founder, Chairman, and Chief Executive Officer, will participate in the BMO Global Met...

1 month ago - Business Wire

We're now producing more rare earth minerals than we ever have: MP Materials CEO

Jim Litinsky, CEO and chairman of MP Materials, joins Morgan Brennan and the ‘CNBC Special: Taking Stock' to discuss on-shoring across the U.S. and the issue of securing rare earth minerals for electr...

1 month ago - CNBC Television

Analysts Estimate MP Materials Corp. (MP) to Report a Decline in Earnings: What to Look Out for

MP Materials Corp. (MP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

MP Materials (MP) to Post Q4 Earnings: What's in Store?

MP Materials' (MP) fourth-quarter 2022 results are likely to reflect benefits of increased realized pricing, offset by higher raw material and logistic costs.

1 month ago - Zacks Investment Research

MP Materials Announces Date for Fourth Quarter and Full Year 2022 Financial Results and Webcast

LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) will release its financial results for the fourth quarter and year ended December 31, 2022, after the U.S. markets close on...

1 month ago - Business Wire

Investing in the metals most valuable to tech companies

CNBC's Pippa Stevens joins 'The Exchange' to discuss MIFTs (metals important for future tech) and the demand for metal stocks.

Other symbols: ALBFEAMLACPLLRIOVALE
1 month ago - CNBC Television

TECK vs. MP: Which Stock Is the Better Value Option?

TECK vs. MP: Which Stock Is the Better Value Option?

Other symbols: TECK
1 month ago - Zacks Investment Research

Brokers Suggest Investing in MP Materials Corp. (MP): Read This Before Placing a Bet

The average brokerage recommendation (ABR) for MP Materials Corp. (MP) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sough...

2 months ago - Zacks Investment Research

HBM vs. MP: Which Stock Is the Better Value Option?

HBM vs. MP: Which Stock Is the Better Value Option?

Other symbols: HBM
2 months ago - Zacks Investment Research

New Strong Buy Stocks for January 4th

STAA, CASY, THRM, MP and UTHR have been added to the Zacks Rank #1 (Strong Buy) List on January 4 , 2023.

Other symbols: CASYSTAATHRMUTHR
3 months ago - Zacks Investment Research

MP Materials to Participate in the Morgan Stanley 9th Annual Auto 2.0 Conference

LAS VEGAS--(BUSINESS WIRE)--MP Materials Corp. (NYSE: MP) today announced that James Litinsky, Founder, Chairman and Chief Executive Officer, will participate in the Morgan Stanley 9th Annual Auto 2...

3 months ago - Business Wire

7 Top-Rated Gold Stocks to Buy as a Portfolio Hedge

A challenging stock market in 2022 – and the likelihood of continued high inflation in 2023 – has many investors looking for gold stocks to buy to hedge their portfolios. Granted, there are already so...

Other symbols: BVNGFIHYMCIAUXIDRXPL
4 months ago - InvestorPlace

MP Materials CEO on the company's supply agreement with General Motors

Cramer spoke with MP Materials CEO Jim Litinsky on Friday.

Other symbols: GM
5 months ago - CNBC Television

MP Materials says its Q3 net income up 48% y-o-y on strong rare earth prices

(Kitco News) - On Thursday, rare earth metals producer MP Materials (NYSE: MP) announced that in Q3 2022, the company produced 10,886 tonnes of rare earth oxides (REO), down 9% over Q3 2021 due to low...

5 months ago - Kitco

MP Materials Corp. (MP) Tops Q3 Earnings and Revenue Estimates

MP Materials Corp. (MP) delivered earnings and revenue surprises of 20% and 4.66%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

MP Materials Reports Third Quarter 2022 Results and Begins Stage II Commissioning

LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) (“MP Materials” or the “Company”), today announced financial results for the three months ended September 30, 2022.

5 months ago - Business Wire

MP Materials (MP) to Post Q3 Earnings: What's in Store?

MP Materials' (MP) third-quarter 2022 results are likely to benefit from higher volumes sold, increased realized pricing and gains stemming from efficiency improvements efforts.

5 months ago - Zacks Investment Research

MP Materials Corp. (MP) Earnings Expected to Grow: Should You Buy?

MP Materials Corp. (MP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

5 months ago - Zacks Investment Research