MP Materials Corp. (MP)
| 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]
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 StatementsAnalyst 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.
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...
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.
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) ...
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?
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...
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...
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...
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...
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...
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.
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.
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...
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.
TECK vs. MP: Which Stock Is the Better Value Option?
TECK vs. MP: Which Stock Is the Better Value Option?
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...
HBM vs. MP: Which Stock Is the Better Value Option?
HBM vs. MP: Which Stock Is the Better Value Option?
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.
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...
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...
MP Materials CEO on the company's supply agreement with General Motors
Cramer spoke with MP Materials CEO Jim Litinsky on Friday.
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...
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?
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.
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.
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.