MP Materials (NYSE:MP) Price Target Cut to $61.00 by Analysts at Deutsche Bank Aktiengesellschaft

MP Materials (NYSE:MP) had its target price reduced by Deutsche Bank Aktiengesellschaft from $70.00 to $61.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on the company. Morgan Stanley boosted their price target on MP Materials from $70.00 to $71.50 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of MP Materials in a research note on Tuesday, April 21st. DA Davidson reissued a “buy” rating and set a $82.00 target price on shares of MP Materials in a research report on Friday, June 5th. Wedbush boosted their target price on shares of MP Materials from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Barclays began coverage on shares of MP Materials in a research note on Thursday, May 21st. They issued an “overweight” rating and a $69.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $79.54.

MP Materials Stock Down 2.3%

Shares of NYSE MP opened at $51.79 on Thursday. MP Materials has a 12-month low of $42.86 and a 12-month high of $100.25. The company has a market cap of $9.22 billion, a P/E ratio of -123.30 and a beta of 1.86. 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 fifty day moving average price of $60.48 and a 200 day moving average price of $59.40.

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

Insiders Place Their Bets

In other news, CFO Ryan Corbett sold 20,000 shares of MP Materials stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $75.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief financial officer owned 109,017 shares in the company, valued at approximately $8,176,275. This trade represents a 15.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Michael Stuart Rosenthal purchased 17,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $56.62 per share, with a total value of $962,540.00. Following the completion of the acquisition, the chief operating officer directly owned 1,333,673 shares in the company, valued at approximately $75,512,565.26. The trade was a 1.29% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 1,205,167 shares of company stock valued at $79,371,654 in the last quarter. Insiders own 8.20% of the company’s stock.

Institutional Trading of MP Materials

Several institutional investors have recently added to or reduced their stakes in the business. Hancock Prospecting Pty Ltd raised its position in shares of MP Materials by 7.2% during the 3rd quarter. Hancock Prospecting Pty Ltd now owns 14,861,212 shares of the company’s stock worth $996,741,000 after purchasing an additional 1,000,000 shares during the period. Vanguard Group Inc. increased its position in MP Materials by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 14,479,787 shares of the company’s stock worth $731,519,000 after buying an additional 459,213 shares during the period. State Street Corp increased its position in MP Materials by 13.2% in the fourth quarter. State Street Corp now owns 6,597,885 shares of the company’s stock worth $333,325,000 after buying an additional 769,517 shares during the period. BNP Paribas Financial Markets lifted its stake in MP Materials by 76.3% in the second quarter. BNP Paribas Financial Markets now owns 2,921,542 shares of the company’s stock valued at $97,200,000 after buying an additional 1,264,243 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in MP Materials by 71.6% in the fourth quarter. Van ECK Associates Corp now owns 2,834,914 shares of the company’s stock valued at $143,220,000 after buying an additional 1,183,307 shares during the last quarter. Institutional investors own 52.55% of the company’s stock.

Key Headlines Impacting MP Materials

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

• Positive Sentiment: Morgan Stanley raised its price target on MP Materials (MP) to $71.50 from $70 and kept an overweight rating, signaling confidence in further upside for the stock. Morgan Stanley price target update
• Positive Sentiment: Deutsche Bank lowered its price target to $61 from $70 but still maintained a buy rating, implying analysts still see meaningful upside from current levels. Deutsche Bank price target update
• Positive Sentiment: MP Materials’ lawsuit against USA Rare Earth highlights the company’s strategic position in rare earth magnet technology, and China’s tighter export controls may strengthen the investment case for U.S.-based suppliers over time. MP Materials sues USA Rare Earth over magnet technology
• Neutral Sentiment: Industry coverage also noted that a shortage of specialized engineers could slow the U.S. rare earth buildout, which is relevant to MP Materials but does not directly change near-term fundamentals. Rare earth talent crunch article

About MP Materials

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.