MP Materials Corp. (MP)

NYSE: MP · IEX Real-Time Price · USD
15.62
+0.91 (6.19%)
At close: Feb 27, 2024, 4:00 PM
15.70
+0.08 (0.51%)
After-hours: Feb 27, 2024, 7:59 PM EST
6.19%
Market Cap 2.78B
Revenue (ttm) 305.49M
Net Income (ttm) 107.57M
Shares Out 178.08M
EPS (ttm) 0.58
PE Ratio 26.93
Forward PE 80.38
Dividend n/a
Ex-Dividend Date n/a
Volume 3,640,118
Open 14.94
Previous Close 14.71
Day's Range 14.89 - 15.76
52-Week Range 14.32 - 36.67
Beta 2.50
Analysts Strong Buy
Price Target 30.33 (+94.17%)
Earnings Date Feb 22, 2024

About MP

MP Materials Corp., together with its subsidiaries, produces rare earth materials in the Western Hemisphere. 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]

Sector Materials
CEO James Henry Litinsky
Employees 486
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 7 analysts, the average rating for MP stock is "Strong Buy." The 12-month stock price forecast is $30.33, which is an increase of 94.17% from the latest price.

Price Target
$30.33
(94.17% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

5 days ago - Business Wire

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...

7 days ago - Business Wire

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...

26 days ago - Business Wire

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 ...

2 months ago - Market Watch

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 ...

2 months ago - Business Wire

Rare earth metals producer MP Materials posts net loss in Q3 on lower commodity prices

(Kitco News) - On Thursday, rare earth metals producer MP Materials (NYSE: MP) announced that in Q3 2023, the company produced 10,766 tonnes of rare earth oxides (REO) in concentrate, down 1.1% from Q...

4 months ago - Kitco

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...

4 months ago - Business Wire

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.

4 months ago - CNBC Television

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...

4 months ago - Business Wire

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 ...

5 months ago - Business Wire

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 ...

6 months ago - Market Watch

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.

Other symbols: CCECVTSEEUSGO
6 months ago - Benzinga

MP Materials says Q2 net income down 90% due to lower rare earth prices

(Kitco News) - On Thursday, rare earth metals producer MP Materials (NYSE: MP) announced that in Q2 2023, the company produced 10,863 tonnes of rare earth oxides (REO), up 5.5% from Q2 2022 (10,300 to...

7 months ago - Kitco

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...

7 months ago - Business Wire

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...

8 months ago - Business Wire

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.

8 months ago - CNBC Television

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...

9 months ago - Business Wire

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.

10 months ago - Forbes

MP Materials says Q1 net income down 56% y-o-y on lower rare earth prices

(Kitco News) - On Thursday, rare earth metals producer MP Materials (NYSE: MP) announced that in Q1 2023, the company produced 10,671 tonnes of rare earth oxides (REO), in line with Q1 2022 (10,828 to...

10 months ago - Kitco

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...

10 months ago - Business Wire

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.

Other symbols: SXCTRSVHI
10 months ago - Benzinga

MP Materials Announces Date for First Quarter 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, 2023, after the U.S. markets close on Thursday, Ma...

11 months ago - Business Wire

MP Materials CEO on EPA regulation, China and rare Earth magnets

Jim Litinsky, MP Materials CEO, joins 'Closing Bell: Overtime' to discuss the EPA's proposed emissions limits and rare Earth magnet tech.

11 months ago - CNBC Television

The 9 Best Materials Stocks to Buy Now

The short-term outlook for materials stocks is low, but these nine names could be diamonds in the rough.

Other symbols: ASHAVNTAVYCTVALINMLMOI
11 months ago - Kiplinger

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...

1 year ago - Business Wire