IFP Advisors Inc Decreases Stock Position in MP Materials Corp. $MP

IFP Advisors Inc lowered its stake in MP Materials Corp. (NYSE:MP) by 37.0% during the 4th quarter, Holdings Channel reports. The firm owned 30,222 shares of the company’s stock after selling 17,729 shares during the quarter. IFP Advisors Inc’s holdings in MP Materials were worth $1,527,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MP. Whittier Trust Co. of Nevada Inc. purchased a new stake in MP Materials in the 4th quarter worth $26,000. Financial Consulate Inc. lifted its stake in MP Materials by 555.3% in the 4th quarter. Financial Consulate Inc. now owns 557 shares of the company’s stock worth $28,000 after purchasing an additional 472 shares in the last quarter. Bessemer Group Inc. lifted its stake in MP Materials by 75.9% in the 3rd quarter. Bessemer Group Inc. now owns 642 shares of the company’s stock worth $43,000 after purchasing an additional 277 shares in the last quarter. Montag A & Associates Inc. lifted its stake in MP Materials by 106.2% in the 3rd quarter. Montag A & Associates Inc. now owns 635 shares of the company’s stock worth $43,000 after purchasing an additional 327 shares in the last quarter. Finally, Bogart Wealth LLC purchased a new stake in shares of MP Materials during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 52.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MP. TD Securities upgraded shares of MP Materials to a “strong-buy” rating in a research report on Monday, February 9th. DA Davidson restated a “buy” rating and set a $82.00 target price on shares of MP Materials in a research report on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of MP Materials in a research report on Tuesday, April 21st. Wedbush upped their target price on shares of MP Materials from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Canaccord Genuity Group set a $82.00 target price on shares of MP Materials in a research report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, MP Materials has a consensus rating of “Buy” and a consensus price target of $80.08.

Insider Activity at MP Materials

In other news, COO Michael Stuart Rosenthal purchased 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of $56.62 per share, for a total transaction of $962,540.00. Following the acquisition, the chief operating officer owned 1,333,673 shares of the company’s stock, valued at approximately $75,512,565.26. This trade represents a 1.29% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James H. Litinsky sold 259,179 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $64.03, for a total transaction of $16,595,231.37. Following the transaction, the chief executive officer owned 12,505,965 shares in the company, valued at $800,756,938.95. The trade was a 2.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 666,000 shares of company stock worth $43,103,382. Insiders own 8.20% of the company’s stock.

Key MP Materials News

Here are the key news stories impacting MP Materials this week:

• Positive Sentiment: Barclays initiated coverage of MP Materials with a Buy rating and a $69 price target, reinforcing the broader bullish Wall Street view that has most analysts rating the stock a Buy. MP Stock Stays Perfect but Trading Has Been Strange Lately
• Positive Sentiment: MP’s COO, Michael Stuart Rosenthal, disclosed the purchase of 17,000 shares, a move investors often view as a confidence signal from management. Michael Stuart Rosenthal Buys 17,000 Shares of MP Materials (NYSE:MP) Stock
• Neutral Sentiment: Rare-earth stocks broadly rallied on funding news and fading China fears, which supported MP alongside peers, but the move also reflected sector volatility rather than a company-specific catalyst. Rare Earth Stocks Rally On Funding News, Fading China Fears
• Neutral Sentiment: MP’s latest earnings update showed strong revenue growth and a narrower operating loss, but the company remains unprofitable, keeping investors cautious about the pace of a turnaround. MP’s Operating Losses Continue in Q1: Can It Revert to Profitability?
• Negative Sentiment: A comparison piece argued that Idaho Strategic has the edge over MP Materials thanks to profitability, rising earnings, and a lower valuation, highlighting competitive and valuation concerns for MP. MP Materials vs. IDR: Which Mining Stock Has More Upside?

MP Materials Stock Up 4.3%

Shares of NYSE MP opened at $64.42 on Friday. The firm’s 50-day moving average price is $58.67 and its 200-day moving average price is $59.17. The company has a current ratio of 7.18, a quick ratio of 6.58 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of -153.37 and a beta of 1.90. MP Materials Corp. has a 12-month low of $18.64 and a 12-month high of $100.25.

MP Materials (NYSE:MP) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The company had revenue of $90.65 million for the quarter, compared to the consensus estimate of $74.82 million. MP Materials had a negative net margin of 28.00% and a negative return on equity of 2.27%. The firm’s revenue was up 49.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.12) EPS. On average, equities research analysts anticipate that MP Materials Corp. will post -0.04 EPS for the current fiscal year.

MP Materials Profile

MP Materials Corporation operates as a vertically integrated producer of rare earth materials in North America. The company owns and manages the Mountain Pass Rare Earth Mine and Processing Facility in California, the only commercially viable rare earth mining and processing site in the United States. MP Materials extracts, separates and refines critical rare earth elements—such as neodymium, praseodymium, and cerium—which are essential inputs for permanent magnets used in electric vehicles, wind turbines, and various defense applications.

The Mountain Pass mine first began commercial rare earth production in the 1950s and was later operated by Molycorp until its bankruptcy in 2015.