In a report released today, Subash Chandra from Benchmark Co. maintained a Buy rating on MP Materials (MP – Research Report), with a price target of $30.00. The company’s shares closed yesterday at $15.96.
Chandra covers the Energy sector, focusing on stocks such as Antero Resources, APA, and Marathon Oil. According to TipRanks, Chandra has an average return of 13.4% and a 48.94% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MP Materials with a $22.15 average price target.
The company has a one-year high of $26.53 and a one-year low of $12.68. Currently, MP Materials has an average volume of 3.88M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
MP Materials (MP) Company Description:
MP Materials is one of the largest producers of rare earth materials, accounting for about 15% of the global supply. It operates the Mountain Pass Rare Earth Mine and Processing Facility. These rare earth materials are a critical input for powering EVs, drones, wind turbines, and other advanced technologies.
Read More on MP:
- XME, PICK, COPX: Proposed Mining Mega Deal Bullish for These ETFs
- XME ETF: Time to Check Out Metals and Mining Stocks?
- MP Materials downgraded to Neutral from Overweight at JPMorgan
- Australian Stocks: Rinehart Grabs Big Stake in Lynas Rare Earths (LYC), Shares Soar
- MP Materials price target lowered to $15 from $17 at Deutsche Bank
