MP Materials Corp. (NYSE:MP) Director Daniel Allen Gold Sells 146,935 Shares of Stock

MP Materials Corp. (NYSE:MPGet Rating) Director Daniel Allen Gold sold 146,935 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $32.04, for a total value of $4,707,797.40. Following the completion of the sale, the director now owns 1,159,250 shares of the company’s stock, valued at $37,142,370. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Daniel Allen Gold also recently made the following trade(s):

  • On Monday, September 12th, Daniel Allen Gold sold 150,489 shares of MP Materials stock. The stock was sold at an average price of $33.20, for a total value of $4,996,234.80.
  • On Wednesday, August 10th, Daniel Allen Gold sold 85,500 shares of MP Materials stock. The stock was sold at an average price of $38.71, for a total value of $3,309,705.00.
  • On Monday, August 8th, Daniel Allen Gold sold 250,000 shares of MP Materials stock. The stock was sold at an average price of $39.49, for a total value of $9,872,500.00.

MP Materials Trading Down 2.4 %

Shares of NYSE:MP opened at $33.06 on Tuesday. The business’s 50-day moving average is $33.40 and its 200 day moving average is $38.94. MP Materials Corp. has a 1 year low of $27.48 and a 1 year high of $60.19. The firm has a market capitalization of $5.87 billion, a P/E ratio of 25.05, a P/E/G ratio of 1.64 and a beta of 2.83. The company has a debt-to-equity ratio of 0.58, a current ratio of 20.39 and a quick ratio of 19.75.

MP Materials (NYSE:MPGet Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.10. The company had revenue of $143.50 million for the quarter, compared to analyst estimates of $128.75 million. MP Materials had a return on equity of 25.19% and a net margin of 49.26%. The firm’s quarterly revenue was up 96.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 EPS. On average, research analysts predict that MP Materials Corp. will post 1.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MP has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on MP Materials from $45.00 to $55.00 in a research note on Friday, August 5th. Northland Securities restated an “outperform” rating and set a $60.00 price objective on shares of MP Materials in a research note on Monday, June 6th. BMO Capital Markets initiated coverage on MP Materials in a research note on Tuesday, May 31st. They set an “outperform” rating and a $50.00 price objective for the company. Morgan Stanley upped their price objective on MP Materials from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 7th. Finally, Canaccord Genuity Group initiated coverage on MP Materials in a research note on Wednesday, July 13th. They set a “buy” rating and a $44.00 price objective for the company. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $50.25.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Amundi acquired a new position in shares of MP Materials in the second quarter valued at about $3,546,000. Verition Fund Management LLC increased its holdings in shares of MP Materials by 167.0% in the second quarter. Verition Fund Management LLC now owns 22,152 shares of the company’s stock valued at $711,000 after purchasing an additional 13,855 shares during the period. Captrust Financial Advisors increased its holdings in shares of MP Materials by 235.1% in the second quarter. Captrust Financial Advisors now owns 22,954 shares of the company’s stock valued at $736,000 after purchasing an additional 16,104 shares during the period. Legal & General Group Plc increased its holdings in shares of MP Materials by 19.9% in the second quarter. Legal & General Group Plc now owns 76,047 shares of the company’s stock valued at $2,439,000 after purchasing an additional 12,604 shares during the period. Finally, ExodusPoint Capital Management LP acquired a new position in shares of MP Materials in the second quarter valued at about $2,154,000. 71.49% of the stock is owned by institutional investors and hedge funds.

MP Materials Company Profile

(Get Rating)

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.

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