MP Materials Corp.

Equities

MP

US5533681012

Non-Gold Precious Metals & Minerals

Market Closed - Nyse Other stock markets 04:00:02 2024-04-25 pm EDT			5-day change	1st Jan Change
16.03 ^USD	+1.84%		-2.61%	-19.24%

Apr. 23	JPMorgan Downgrades MP Materials to Neutral From Overweight, Price Target at $16	MT
Apr. 19	Albemarle, Cummins receive tax credits under Biden's clean energy drive	RE

MP Materials Corp. Reports Earnings Results for the First Quarter Ended March 31, 2022

May 05, 2022 at 04:05 pm EDT

MP Materials Corp. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 4.5 million compared to USD 0.232 million a year ago. Revenue was USD 166.26 million compared to USD 59.97 million a year ago. Net income was USD 85.55 million compared to USD 16.12 million a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to USD 0.1 a year ago. Diluted earnings per share from continuing operations was USD 0.45 compared to USD 0.09 a year ago.

Latest news about MP Materials Corp.

JPMorgan Downgrades MP Materials to Neutral From Overweight, Price Target at $16	Apr. 23	MT
Albemarle, Cummins receive tax credits under Biden's clean energy drive	Apr. 19	RE
Australia's Rinehart takes stake in Lynas Rare Earths, shares jump	Apr. 16	RE
Deutsche Bank Adjusts MP Materials Price Target $15 From $17, Maintains Hold Rating	Apr. 11	MT
Australian magnate Rinehart takes stake in US miner MP Materials	Apr. 09	RE
Deals of the day-Mergers and acquisitions	Apr. 09	RE
Australian billionaire Rinehart's firm takes stake in US miner MP Materials	Apr. 09	RE
Materials Sector Rises Amid Government Incentives -- Materials Roundup	Apr. 08	DJ
MP Materials Gets $58.5 Million to Advance Construction of Rare Earth Magnet Facility in Texas	Apr. 01	MT
Miner MP Materials gets $58.5 mln US funding for Texas rare earths plant	Apr. 01	RE
MP Materials Receives $58.5 Million to Advance U.S. Rare Earth Magnet Manufacturing	Apr. 01	CI
MP Materials Shares Fall After Morgan Stanley Downgrade	Mar. 13	MT
Canaccord Genuity Raises MP Materials' Price Target to $23 From $22, Maintains Buy Rating	Mar. 13	MT
Morgan Stanley Downgrades MP Materials to Equalweight From Overweight, Price Target is $15.50	Mar. 13	MT
MP Materials Prices $650 Million Private Placement	Mar. 05	MT
MP Materials Launching $300 Million Share Buyback Plan, $500 Million Convertible Note Offering	Mar. 04	MT
MP Materials Corp Announces the Commencement of A Private Offering, Subject to Market and Other Conditions, of $500 Million Aggregate Principal Amount of Its Convertible Senior Notes Due 2030	Mar. 04	CI
MP Materials Corp. (NYSE:MP) announces an Equity Buyback for $300 million worth of its shares.	Mar. 04	CI
MP Materials Corp. authorizes a Buyback Plan.	Mar. 03	CI
Transcript : MP Materials Corp. Presents at Baird's Vehicle Technology & Mobility Conference 2024 ? Virtual, Feb-29-2024 05:10 PM	Feb. 29
Transcript : MP Materials Corp. Presents at BMO 33rd Global Metals, Mining & Critical Minerals Conference 2024, Feb-26-2024 05:00 PM	Feb. 26
Deutsche Bank Adjusts MP Materials Price Target to $17 From $14, Maintains Hold Rating	Feb. 26	MT
JPMorgan Adjusts MP Materials Price Target to $20 From $22, Maintains Overweight Rating	Feb. 23	MT
Nvidia and the moon	Feb. 23
MP Materials Swings to Q4 Adjusted Loss as Revenue Declines	Feb. 23	MT

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Company Profile

MP Materials Corp. produces specialty materials that are vital inputs for electrification and other advanced technologies. The Company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility (Mountain Pass) in North America, and is constructing a rare earth metal, alloy and magnet manufacturing facility in Fort Worth, Texas (the Fort Worth Facility). The Company produces rare earth concentrate products as well as refined rare earth oxides and related products. It is producing separated rare earth products, including neodymium-praseodymium (NdPr) oxide. The Company has a distributorship agreement with Sumitomo Corporation of Americas (Sumitomo), under which Sumitomo serves as the exclusive distributor of the NdPr oxide and NdPr metal produced by the Company to Japanese customers.

Sector

Non-Gold Precious Metals & Minerals

Calendar

2024-05-02 - Q1 2024 Earnings Release

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Analysis / Opinion

MP Materials Corp: Too good to be true?

September 26, 2022 at 11:46 am EDT

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Ratings for MP Materials Corp.

Trading Rating

Investor Rating

ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

16.03 USD

Average target price

24.23 USD

Spread / Average Target

+51.14%

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Sector Rare Earth Minerals

	1st Jan change	Capi.
MP MATERIALS CORP.	-19.24%	2.8B
CHINA NORTHERN RARE EARTH (GROUP) HIGH-TECH CO.,LTD	+1.50%	9.75B
LYNAS RARE EARTHS LIMITED	-10.89%	3.87B
CHINA KINGS RESOURCES GROUP CO.,LTD.	+9.10%	2.49B
SHENGHE RESOURCES HOLDING CO., LTD	-2.95%	2.4B
BRAZILIAN RARE EARTHS LIMITED	+57.07%	417M
ARAFURA RARE EARTHS LIMITED	+15.15%	285M
NORDIC MINING ASA	+16.69%	196M
AUSTRALIAN STRATEGIC MATERIALS LTD	-21.65%	116M
CHINA RARE EARTH HOLDINGS LIMITED	+4.55%	105M

Rare Earth Minerals