$MP known on the channel.
What the company does: a unique company in its field, engaged in mining rare earth metals for industry, such as neodymium. The company focuses on restoring the supply and production chain of rare earth metals for industry to the United States.
The company 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.
The company is also involved in mining metals such as lithium (for electric vehicle batteries). And it is the only one involved in rare earth mining in the US, while most global activity in this field is done in China.
The company receives two interesting analyst coverages: (documentation attached)
1. On 16.06.21 J.P. Morgan raises the price target to $41.
2. This morning 23.06.21 Morgan Stanley changes the price target to $37.50, an average upside of 22%.
From a technical swing perspective: Current price: $32.35. My first target: $36.30. My second target: $41.
Market cap: $5.5 billion. Debt to equity ratio: 0.07. Risk level: medium.
Company name: MP Materials.
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