MP Materials Corp. (MP)
| Market Cap | 2.70B |
| Revenue (ttm) | 253.45M |
| Net Income (ttm) | 24.31M |
| Shares Out | 178.08M |
| EPS (ttm) | 0.14 |
| PE Ratio | 111.29 |
| Forward PE | 165.88 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 400,033 |
| Open | 15.28 |
| Previous Close | 15.92 |
| Day's Range | 15.12 - 15.77 |
| 52-Week Range | 12.68 - 26.53 |
| Beta | 2.41 |
| Analysts | Buy |
| Price Target | 23.83 (+52.95%) |
| Earnings Date | May 2, 2024 |
About MP
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. The company was founded in 2017 and is headquartered in Las Vegas, Nevada. [Read more]
Financial Performance
In 2023, MP Materials's revenue was $253.45 million, a decrease of -51.95% compared to the previous year's $527.51 million. Earnings were $24.31 million, a decrease of -91.59%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for MP stock is "Buy." The 12-month stock price forecast is $23.83, which is an increase of 52.95% from the latest price.
News
MP Materials Announces Date for First Quarter 2024 Financial Results and Webcast
LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--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, Ma...
Australian billionaire Rinehart's firm takes stake in US miner MP Materials
MP Materials said Australian billionaire Gina Rinehart's mining firm has taken a 5.3% stake in the company, adding to her rare earth investments.
MP Materials Awarded $58.5 Million to Advance U.S. Rare Earth Magnet Manufacturing
LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials (NYSE: MP) has received a $58.5 million award to advance its construction of America's first fully-integrated rare earth magnet manufacturin...
MP Materials Announces Pricing of $650 Million 3.00% Convertible Notes
LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) (“MP Materials” or the “Company”) today announced the pricing of an offering of $650 million principal amount of its 3.00% ...
MP Materials Announces New Share Repurchase Authorization
LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) (“MP Materials” or the “Company”) today announced that its Board of Directors has authorized a share repurchase program of ...
MP Materials Announces Proposed Offering of Convertible Notes
LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) (“MP Materials” or the “Company”) today announced that it plans to offer, subject to market and other conditions, $500 mill...
China's grip on rare earth elements is slipping. Investors should take note.
China is the world's biggest producer and exporter of rare earth elements by a large margin, but it's grasp on the market is slipping, providing opportunities for investors looking to capitalize on th...
MP Materials Reports Fourth Quarter and Full Year 2023 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...
MP Materials to Participate in Upcoming Conferences
LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) today announced that MP Materials will participate in the following conferences: James Litinsky, Founder, Chairman, and Chi...
MP Materials Announces Date for Fourth Quarter and Full Year 2023 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, 2023, after the U.S. markets close on...
20 midcap stocks with 2024 upside ranging up to 62%, according to analysts
When investors think about whether to increase their exposure beyond the big companies that grab most of the headlines in the financial media, they are likely to look at small-cap stocks first. After ...
Glancy Prongay & Murray LLP Announces Investigation of MP Materials Corp. (MP)
NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of MP Materials Corp. (NYSE: MP) concerning the Company and its directors' and officers' possible violations ...
MP Materials Reports Third Quarter 2023 Results
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, 2023. “In the...
MP Materials restores separation and refining of rare earths on U.S. soil
Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy.
MP Materials Announces Date for Third Quarter Financial Results and Webcast
LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) will release its financial results for the third quarter ended September 30, 2023, after the U.S. markets close on Thursday...
MP Materials to Participate in the D.A. Davidson Diversified Industrials and Services 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 D.A. Davidson ...
MP Material stock rises as JPMorgan initiates coverage at overweight
MP Material Corp. stock MP stock was up by 2.4% in premarket trades Thursday after analysts at J.P. Morgan initiated coverage of the rare earths producer with an overweight rating and price target of ...
Top 5 Materials Stocks You'll Regret Missing This Quarter - Chemours (NYSE:CC), Ecovyst (NYSE:ECVT)
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
MP Materials Reports Second Quarter 2023 Results
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 June 30, 2023. “In recent we...
MP Materials Announces Date for Second Quarter Financial Results and Webcast
LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) will release its financial results for the second quarter ended June 30, 2023, after the U.S. markets close on Thursday, Au...
Options Action: Traders placing bullish bets on MP Materials
Kevin Kelly, Kelly Intelligence CEO, joins the Options Action traders and CNBC's Melissa Lee to talk MP Materials.
MP Materials to Participate in the J.P. Morgan Energy, Power & Renewables 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 J.P. Morgan En...
MP Materials: What A Successful Re-Shoring Strategy Could Look Like
MP Materials has a vertical integration strategy to re-shore production of rare earth permanent magnets in the U.S.
MP Materials Reports First Quarter 2023 Results
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 March 31, 2023. “MP continu...
Top 5 Materials Stocks That May Explode In May - Amyris (NASDAQ:AMRS), MP Materials (NYSE:MP)
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.