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 $16.35.
According to TipRanks, Chandra is a 5-star analyst with an average return of 13.7% and a 50.21% success rate. Chandra covers the Energy sector, focusing on stocks such as Antero Resources, APA, and Marathon Oil.
In addition to Benchmark Co., MP Materials also received a Buy from Bank of America Securities’s Lawson Winder in a report issued on May 3. However, on May 7, Deutsche Numis maintained a Hold rating on MP Materials (NYSE: MP).
MP market cap is currently $2.7B and has a P/E ratio of -105.83.
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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:
- MP Materials put volume heavy and directionally bearish
- MP Materials price target lowered to $14.50 from $15 at Deutsche Bank
- MP Materials reports Q1 adjusted EPS (4c), consensus (2c)
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