Shares of MP Materials Corp. (NYSE:MP – Get Free Report) have been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $32.71.
A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on MP Materials in a report on Thursday, August 31st. They set an “overweight” rating and a $27.00 price target on the stock. Benchmark restated a “buy” rating and issued a $30.00 target price on shares of MP Materials in a research note on Tuesday, November 14th. Finally, Northland Securities upgraded MP Materials from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 6th.
MP Materials Stock Performance
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of MP. Morgan Stanley grew its holdings in MP Materials by 15.4% during the third quarter. Morgan Stanley now owns 2,562,969 shares of the company’s stock valued at $48,953,000 after purchasing an additional 341,420 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of MP Materials during the 3rd quarter worth $209,000. The Manufacturers Life Insurance Company raised its holdings in MP Materials by 76.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 127,352 shares of the company’s stock worth $2,432,000 after acquiring an additional 55,147 shares during the period. GSA Capital Partners LLP acquired a new position in MP Materials during the 3rd quarter worth $1,349,000. Finally, Royal Bank of Canada boosted its holdings in MP Materials by 14.7% during the third quarter. Royal Bank of Canada now owns 209,401 shares of the company’s stock valued at $4,000,000 after acquiring an additional 26,870 shares during the period. Hedge funds and other institutional investors own 59.41% of the company’s stock.
About MP Materials
MP Materials Corp., together with its subsidiaries, produces rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth mine and processing facility in North America. It 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.
- Five stocks we like better than MP Materials
- High Flyers: 3 Natural Gas Stocks for March 2022
- The most upgraded stocks in November have two things in common
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Monday.com rocked earnings like it’s the weekend
- The “How” and “Why” of Investing in 5G Stocks
- Plan to own one retailer? Make it this one
Receive News & Ratings for MP Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MP Materials and related companies with MarketBeat.com's FREE daily email newsletter.