$MP MP Materials - a unique company in its field, engaged in mining rare earth metals for industry (such as neodymium). The company focuses on restoring the rare earth metals supply chain to the United States.
and supplies about 15% of the global rare earth supply.
The company focuses its attention on powering electric vehicles, wind turbines, robotic drones, and other technologies related to global development and green energy.
MP also mines metals such as lithium (for electric vehicle batteries). It is the only company involved in rare earth metals mining in the US, while most global activity in this field is done in China. MP already accounts for 15% of the global market today.
The company's revenue grew by 82.6% in the last year, the earnings forecast includes an expected growth of over 80% per year.
Currently, institutional investors hold about 8% of the company's shares, and in recent days there have been quite a few institutional purchases. (Also, Cramer gave it a super positive forecast.)
MP Materials PT Lowered to $41 at Morgan Stanley Northland Securities analyst Subash Chandra maintained a Buy rating on MP today and set a price target of $46.00
An upside of about 62%.
Current price: $26.70. Debt to equity ratio: 0.07.
Nothing stated herein is a recommendation. Personal opinion only.