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MP Materials Corp.

Industry

Industrial Materials

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.

Open

19.28

Mkt cap

3.2B

Volume

2.3M

High

19.40

P/E Ratio

-37.25

52-wk high

24.01

Low

18.86

Div yield

N/A

52-wk low

10.02

MP Materials Corp. participated in the Jefferies Battery Storage & Materials Virtual Conference, with CFO Ryan Corbett representing the company. The event took place on December 13, 2024.

Portfolio Pulse from

December 13, 2024 | 10:30 pm

MP Materials Corp. has entered into exchange agreements to reduce its outstanding indebtedness by $25 million through the exchange of $131.6 million of its 0.25% green convertible senior notes due 2026.

Portfolio Pulse from

December 10, 2024 | 12:30 am

MP Materials Corp. (NYSE: MP) will participate in the Jefferies 2024 Battery Storage & Materials Virtual Conference, with CFO Ryan Corbett representing the company. The event will take place on December 13, 2024, and will be available via live webcast.

Portfolio Pulse from

December 05, 2024 | 9:30 pm

MP Materials is crucial in the rare earths sector, essential for EVs and AI. The company is expanding production and refining to reduce U.S. reliance on China. Despite short-term profitability challenges, its strategic importance and strong finances make it a strong buy for investors comfortable with volatility.

Portfolio Pulse from

December 04, 2024 | 7:45 pm

MP Materials' stock surged 11% after China announced export restrictions on certain materials to the U.S., potentially benefiting MP as a domestic supplier of rare earth metals.

Portfolio Pulse from

December 03, 2024 | 4:30 pm

MP Materials Corp. participated in the Baird 2024 Global Industrials Conference, with CFO Ryan Corbett representing the company. The conference included discussions with participants like Ben Kallo from Baird.

Portfolio Pulse from

November 13, 2024 | 6:00 pm

MP Materials Corp. reported a Q3 loss of $0.12 per share, slightly worse than the expected loss of $0.11 per share. However, the company exceeded revenue estimates.

Portfolio Pulse from

November 08, 2024 | 1:00 am

MP Materials Corp. participated in the Gabelli Funds 48th Annual Automotive Aftermarket Symposium Conference, with key company figures like Martin Sheehan and Ryan S. Corbett present.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

BMO Capital analyst Greg Jones maintains a Market Perform rating on MP Materials and raises the price target from $16 to $18.5.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 1:00 pm

Eight analysts have provided ratings on MP Materials (NYSE:MP) over the past three months, with a mix of bullish and indifferent sentiments. The average 12-month price target has increased by 8.13% to $19.94. Analysts have adjusted their ratings and price targets, reflecting their views on MP Materials' market position and financial performance. Despite challenges in revenue growth and asset utilization, MP Materials maintains a strong market presence.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 6:01 pm

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