Shares of MP Materials Corp. (NYSE:MP – Get Free Report) have received an average rating of “Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have covered the stock in the last year is $32.71.
Several equities research analysts recently commented on the company. Benchmark reiterated a “buy” rating and set a $30.00 target price on shares of MP Materials in a report on Tuesday, November 14th. JPMorgan Chase & Co. began coverage on MP Materials in a research note on Thursday, August 31st. They set an “overweight” rating and a $27.00 price objective for the company. Finally, Northland Securities upgraded MP Materials from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 6th.
MP Materials Stock Performance
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of MP Materials in the 1st quarter worth approximately $30,000. ANTIPODES PARTNERS Ltd bought a new stake in shares of MP Materials in the 1st quarter worth approximately $30,000. Fifth Third Bancorp lifted its holdings in shares of MP Materials by 120.6% in the 3rd quarter. Fifth Third Bancorp now owns 2,074 shares of the company’s stock worth $40,000 after purchasing an additional 1,134 shares during the last quarter. AllSquare Wealth Management LLC bought a new stake in shares of MP Materials in the 1st quarter worth approximately $45,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of MP Materials by 3,848.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 1,974 shares of the company’s stock worth $45,000 after purchasing an additional 1,924 shares during the last quarter. Institutional investors and hedge funds own 59.41% of the company’s stock.
MP Materials Company Profile
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.
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