MP Materials (MP) Expected to Announce Earnings on Thursday

MP Materials (NYSE:MP) is expected to issue its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $50.71 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

MP Materials Stock Down 2.7 %

NYSE:MP opened at $23.72 on Tuesday. The company has a market cap of $3.87 billion, a PE ratio of -43.92 and a beta of 2.34. The stock has a 50-day simple moving average of $20.13 and a 200 day simple moving average of $17.68. The company has a debt-to-equity ratio of 0.88, a quick ratio of 6.13 and a current ratio of 6.93. MP Materials has a 52-week low of $10.02 and a 52-week high of $26.00.

Analyst Ratings Changes

MP has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of MP Materials from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. BMO Capital Markets raised their price objective on MP Materials from $19.50 to $22.00 and gave the company a “market perform” rating in a report on Monday, January 27th. Finally, Canaccord Genuity Group upped their target price on MP Materials from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.45.

Insider Buying and Selling

In related news, CEO James H. Litinsky sold 386,223 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $24.01, for a total value of $9,273,214.23. Following the transaction, the chief executive officer now owns 15,643,076 shares in the company, valued at approximately $375,590,254.76. This represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ryan Corbett sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $21.50, for a total value of $752,500.00. Following the sale, the chief financial officer now owns 260,021 shares of the company’s stock, valued at approximately $5,590,451.50. This represents a 11.86 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 955,890 shares of company stock valued at $20,944,628. 12.60% of the stock is owned by insiders.

MP Materials Company Profile

MP Materials Corp., together with its subsidiaries, produces rare earth materials. 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.