Inside the research
MP Materials Corp.
MP Research profile · latest available data
Price overview
$48.83
▼ -0.47 (-1.0%)
| 52w hi | $98.65 |
|---|---|
| 52w lo | $38.10 |
| Vol | 3.85M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.30
| Short | -0.09 |
|---|---|
| Medium | -0.37 |
| Long | -0.56 |
computed 2026-09-27
Key fundamentals
MP Materials Corp.
Basic Materials · Other Industrial Metals & Mining
| Market cap | $8.70B |
|---|---|
| Enterprise value | $8.64B |
| Forward P/E | 55.88x |
| EV / EBITDA | 212.39x |
| P / S (ttm) | 20.89x |
| Profit margin | -14.6% |
| Return on equity | -3.6% |
| Revenue growth | +119.7% |
| Debt / equity | 41.40 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.04 | |
| Sector | -0.02 | |
| Technical | -0.15 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
MP Materials Corp., together with its subsidiaries, produces rare earth materials in the Western Hemisphere. It operates in two segments, Materials and Magnetics. The Materials segment owns and operates the Mountain Pass Rare Earth Mine and Processing facility located near Mountain Pass, San Bernardino County, California. The Magnetics segment produces magnetic precursor products, including NdPr metal; and manufactures NdFeB permanent magnets. MP Materials Corp. was founded in 2017 and is headquartered in Las Vegas, Nevada.
Risk Metrics
| Beta vs SPX | 1.44 |
|---|---|
| Corr SPX | 0.28 |
| Annual vol | 83.5% |
| Annual ret | +95.6% |
| Sharpe | 1.14 |
| Max DD | -61.4% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $80.29 |
|---|---|
| High / Low | $100.00 / $62.00 |
| Median | $80.00 |
| Analysts | 14 |
| Strong Buy | 3 | |
|---|---|---|
| Buy | 12 | |
| Hold | 0 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-08 | Wedbush | → Outperform |
| 2026-04-20 | Wedbush | → Outperform |
| 2026-04-09 | Morgan Stanley | → Overweight |
| 2026-03-11 | DA Davidson | → Buy |
| 2026-02-18 | DA Davidson | → Buy |
| 2026-01-13 | William Blair | → Outperform |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-06 | Earnings Release, Exhibits | read |
| 2026-06-10 | Shareholder Vote | read |
| 2026-05-07 | Earnings Release, Exhibits | read |
| 2026-02-26 | Earnings Release, Exhibits | read |
| 2025-11-19 | Other Material Event, Exhibits | read |
| 2025-11-06 | Earnings Release, Exhibits | read |
| 2025-10-17 | Officer / Director Change | read |
| 2025-08-25 | Material Agreement, Material Obligation… | read |
| 2025-08-15 | Other Material Event, Exhibits | read |
| 2025-08-07 | Earnings Release, Exhibits | read |
| 2025-07-18 | Other Material Event, Exhibits | read |
| 2025-07-15 | Reg FD Disclosure, Other Material Event… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-06-30 | DUCKWORTH CONNIE K | Grant | 624 | — | |
| 2026-06-15 | DUCKWORTH CONNIE K | Option exercise | 4.00K | — | |
| 2026-06-15 | WEISENBURGER RANDALL J | Option exercise | 4.00K | — | |
| 2026-06-15 | Lavan Maryanne | Option exercise | 4.00K | — | |
| 2026-06-15 | MYERS RICHARD B | Option exercise | 4.00K | — |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 99.9% |
| HHI | 5,874 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Capital Research / Capital World | $2.17B | 38.74M |
| State Street Corp | $435.41M | 7.77M |
| Citadel Advisors | $269.57M | 4.81M |
| Bridgewater Associates | $25.00M | 446.31K |
| Millennium Management | $4.94M | 88.20K |
| Fidelity / FMR LLC | $2.43M | 43.42K |
| AQR Capital Management | $1.62M | 29.31K |
| T. Rowe Price Group | $183.33K | 3.27M |
As of 2026-06-30
SEC Filings
The Long Run
FY 2020–2025 · 6 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $203.85M | +8.7% | |
| Operating income | -$149.37M | — | |
| Net income | $24.31M | -71.0% | |
| Cash from ops | -$155.75M | +49.9% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $49.30 | $49.76 | $48.13 | $48.83 | 3.85M |
| Sep 24 | $48.37 | $49.89 | $47.60 | $49.30 | 4.65M |
| Sep 23 | $50.77 | $50.78 | $48.72 | $48.89 | 4.20M |
| Sep 22 | $50.68 | $51.33 | $48.67 | $51.04 | 5.61M |
| Sep 21 | $48.58 | $50.65 | $48.58 | $50.00 | 5.40M |
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