MP Materials Corp. (NYSE:MP) COO Michael Stuart Rosenthal Buys 5,000 Shares of Stock

MP Materials Corp. (NYSE:MP – Get Rating) COO Michael Stuart Rosenthal purchased 5,000 shares of the stock in a transaction dated Monday, May 22nd. The stock was acquired at an average cost of $21.78 per share, with a total value of $108,900.00. Following the transaction, the chief operating officer now directly owns 29,476 shares in the company, valued at approximately $641,987.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Michael Stuart Rosenthal also recently made the following trade(s):

• On Friday, May 19th, Michael Stuart Rosenthal purchased 10,000 shares of MP Materials stock. The stock was acquired at an average cost of $21.21 per share, with a total value of $212,100.00.

MP Materials Trading Up 2.6 %

NYSE MP opened at $21.82 on Tuesday. The company has a fifty day simple moving average of $24.66 and a two-hundred day simple moving average of $28.65. The stock has a market cap of $3.88 billion, a P/E ratio of 17.18, a P/E/G ratio of 2.04 and a beta of 2.69. MP Materials Corp. has a 12-month low of $20.21 and a 12-month high of $42.84. The company has a current ratio of 13.50, a quick ratio of 12.84 and a debt-to-equity ratio of 0.50.

MP Materials (NYSE:MP – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.28. The business had revenue of $93.25 million during the quarter, compared to analysts’ expectations of $82.53 million. MP Materials had a net margin of 52.72% and a return on equity of 20.17%. On average, analysts forecast that MP Materials Corp. will post 0.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Canaccord Genuity Group upped their price target on shares of MP Materials from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, February 24th. Morgan Stanley decreased their target price on shares of MP Materials from $45.50 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, March 16th. DA Davidson decreased their target price on shares of MP Materials from $50.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, April 19th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of MP Materials from $30.00 to $26.00 in a research report on Monday, May 8th. Finally, Northland Securities cut shares of MP Materials from an “outperform” rating to a “market perform” rating and set a $32.00 target price for the company. in a research report on Tuesday, April 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, MP Materials has a consensus rating of “Moderate Buy” and a consensus price target of $40.33.

Institutional Trading of MP Materials

Hedge funds and other institutional investors have recently made changes to their positions in the business. James Investment Research Inc. acquired a new stake in shares of MP Materials in the fourth quarter worth $26,000. Ameritas Advisory Services LLC acquired a new stake in MP Materials during the first quarter valued at $30,000. ANTIPODES PARTNERS Ltd acquired a new stake in MP Materials during the first quarter valued at $30,000. Byrne Asset Management LLC grew its position in MP Materials by 36.3% during the fourth quarter. Byrne Asset Management LLC now owns 1,443 shares of the company’s stock valued at $35,000 after buying an additional 384 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in MP Materials by 169.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,473 shares of the company’s stock valued at $40,000 after buying an additional 927 shares during the period. Institutional investors and hedge funds own 62.84% of the company’s stock.

MP Materials Company Profile

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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.