It's up 6% YTD. He was critical of them having so much stock for sale until they recently had a good quarter. It's still the best way to play the materials that America doesn't have enough of--rare earths.
Stockchase Research Editor: Michael O'Reilly MP is a miner of rare earth metals and is the largest US producer of oxides used in magnets. These are used in consumer electronics, electric vehicles, robotics, wind turbines and more. It is a goal of the Biden Administration to ensure the US does not become dependent on China (who supplies 80% of US demand). Recently released EPS of $0.18 beat expectations of $0.04. Revenues were up 100% on the year as production increased 40%. We would buy this with a stop loss at $20, looking to achieve $46 -- upside potential of 33%. Yield 0% (Analysts’ price target is $45.60)
They're the only American producer of rare earths. It got hammered today, but this is essential for EVs, even though this is not considered a trendy reopening stock.
SPACs to buy The only US producer of rare earth materials. Great managers. Problem is that this rarely pulls back. The stock pulled back yesterday but popped quickly up.
We've seen a lot of SPACs this year and this is a successful one. They do rare earth mining The MP-SPAC merger with FVAC-N closed last moth, and the stock jumped from $15 to $28. Given this leap, expect a pullback.
MP Materials is a American stock, trading under the symbol MP (previously MP-N on Stockchase) on the New York Stock Exchange (MP). It is usually referred to as NYSE:MP or MP
Is MP Materials a buy or a sell?
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on MP (previously MP-N on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is DON'T BUY. Read the latest stock experts' ratings for MP Materials.