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HomeMarketResultsMP Materials Corp. (NYSE:MP) Receives Consensus Recommendation of "Buy" from Analysts

MP Materials Corp. (NYSE:MP) Receives Consensus Recommendation of “Buy” from Analysts


Shares of MP Supplies Corp. (NYSE:MPGet Rating) have earned a consensus suggestion of “Purchase” from the 9 scores corporations which are overlaying the inventory, Marketbeat reviews. 5 analysis analysts have rated the inventory with a purchase suggestion. The common 1-year goal value amongst brokerages which have lined the inventory within the final 12 months is $47.39.

Various equities analysts just lately issued reviews on the corporate. Canaccord Genuity Group lowered their value goal on MP Supplies from $47.00 to $40.00 in a report on Wednesday, September twenty eighth. Cowen lowered their value goal on MP Supplies to $40.00 in a report on Thursday, October twentieth. Lastly, Morgan Stanley lowered their value goal on MP Supplies from $46.00 to $45.50 and set an “chubby” ranking on the inventory in a report on Friday, September sixteenth.

Insider Shopping for and Promoting at MP Supplies

In different MP Supplies information, CFO Ryan Corbett bought 16,500 shares of MP Supplies inventory in a transaction that occurred on Friday, November 18th. The inventory was bought at a mean value of $32.39, for a complete worth of $534,435.00. Following the sale, the chief monetary officer now owns 211,476 shares of the corporate’s inventory, valued at roughly $6,849,707.64. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is out there by the SEC website. In different MP Supplies information, CFO Ryan Corbett bought 16,500 shares of MP Supplies inventory in a transaction that occurred on Friday, November 18th. The inventory was bought at a mean value of $32.39, for a complete worth of $534,435.00. Following the sale, the chief monetary officer now owns 211,476 shares of the corporate’s inventory, valued at roughly $6,849,707.64. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is out there by the SEC website. Additionally, Director Monetary Lp Qvt bought 100,000 shares of MP Supplies inventory in a transaction that occurred on Tuesday, December thirteenth. The shares have been bought at a mean value of $31.75, for a complete worth of $3,175,000.00. Following the completion of the sale, the director now instantly owns 1,124,469 shares within the firm, valued at roughly $35,701,890.75. The disclosure for this sale could be discovered here. 41.30% of the inventory is owned by company insiders.

Institutional Buyers Weigh In On MP Supplies

A number of institutional buyers have just lately modified their holdings of the corporate. Bernzott Capital Advisors boosted its stake in shares of MP Supplies by 5.5% throughout the third quarter. Bernzott Capital Advisors now owns 538,736 shares of the corporate’s inventory price $14,707,000 after buying an extra 28,135 shares within the final quarter. Financial institution of New York Mellon Corp boosted its stake in shares of MP Supplies by 24.9% throughout the third quarter. Financial institution of New York Mellon Corp now owns 2,678,304 shares of the corporate’s inventory price $73,118,000 after buying an extra 533,571 shares within the final quarter. IHT Wealth Administration LLC bought a brand new stake in shares of MP Supplies throughout the third quarter price roughly $295,000. B. Riley Wealth Advisors Inc. bought a brand new stake in shares of MP Supplies throughout the third quarter price roughly $275,000. Lastly, Lecturers Retirement System of The State of Kentucky bought a brand new stake in shares of MP Supplies throughout the third quarter price roughly $337,000. Hedge funds and different institutional buyers personal 62.84% of the corporate’s inventory.

MP Supplies Inventory Up 3.4 %

MP opened at $24.97 on Thursday. The enterprise’s 50-day easy transferring common is $30.18 and its 200-day easy transferring common is $31.49. The corporate has a debt-to-equity ratio of 0.55, a fast ratio of 17.33 and a present ratio of 18.15. MP Supplies has a one 12 months low of $23.50 and a one 12 months excessive of $60.19. The inventory has a market capitalization of $4.43 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 1.83 and a beta of two.76.

MP Supplies (NYSE:MPGet Rating) final posted its earnings outcomes on Thursday, November third. The corporate reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. MP Supplies had a return on fairness of 24.79% and a web margin of fifty.81%. The enterprise had income of $124.45 million for the quarter, in comparison with analysts’ expectations of $118.90 million. Analysts anticipate that MP Supplies will submit 1.28 EPS for the present 12 months.

MP Supplies Firm Profile

(Get Rating)

MP Supplies Corp. owns and operates uncommon earth mining and processing amenities. It owns and operates the Mountain Move Uncommon Earth mine situated within the Western Hemisphere. The corporate holds the mineral rights to the Mountain Move mine and surrounding areas, in addition to mental property rights associated to the processing and growth of uncommon earth minerals.

Additional Studying

Analyst Recommendations for MP Materials (NYSE:MP)

This prompt information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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