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MP Materials Corp.
MP-N
PARTIAL BUY
Nov 11, 2024
N/A
Stock price when the opinion was issued
Mining
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Our Mission is to restore the full rare earth supply chain to the United States of America. MP Materials owns and operates Mountain Pass, the only integrated rare earth mining and processing site in North America. Our success will drive the onshoring of jobs, national security and a carbon-reduced future. Social media mentions are up 1200% in the past 24h.
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MP shares have done a bit better than the sector, which has been weak. MP has $866M in cash and $945M in debt. It did have slightly negative cash flow in the last 12 months but its balance sheet is strong. It will lose money on price weakness this year but is expected to earn 14 cents per share in 2025. Insiders own 13% and there has been a little bit of selling this year. All in, we would consider it a decent company for rare earth exposure, but not a 'must buy' at all.
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