MP Materials (NYSE:MP) Stock Falls 5.2% – Here’s What Happened

MP Materials Corp. (NYSE:MP) shares dropped 5.2% during mid-day trading on Wednesday. The stock traded as low as $35.56 and last traded at $35.85. 8,060,461 shares changed hands during trading, an increase of 27% from the average session volume of 6,325,198 shares. The stock had previously closed at $37.83.

Key MP Materials News

Here are the key news stories impacting MP Materials this week:

• Positive Sentiment: MP reported a surprise adjusted profit of $0.04 per share, versus analysts’ expected loss, while revenue rose 175.7% year over year to $147.66 million—above estimates. MP Materials posts surprise adjusted profit
• Positive Sentiment: Operational progress adds to the earnings beat: NdPr production surged 41%, the company reported a $1.34 billion cash reserve, and it completed GM’s magnet qualification. Commercial deliveries and related revenue are slated to start in Q4. MP Materials Q3 earnings call highlights
• Neutral Sentiment: The next test is execution: GM sales have not yet begun, and the company’s reported net margin remained negative. Investors will look for Q4 deliveries to translate the production and qualification milestones into sustained revenue and profitability. MP Materials reports third-quarter 2026 results

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Citigroup reiterated a “positive” rating on shares of MP Materials in a research note on Wednesday, July 15th. Jefferies Financial Group reissued a “buy” rating on shares of MP Materials in a research note on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of MP Materials from $70.00 to $61.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Wall Street Zen cut shares of MP Materials from a “hold” rating to a “sell” rating in a research note on Sunday, October 11th. Finally, Barclays decreased their price objective on shares of MP Materials from $69.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.92.

MP Materials Stock Up 4.9%

The company has a quick ratio of 8.56, a current ratio of 9.51 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average price of $46.13 and a 200 day moving average price of $54.60. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of -104.05 and a beta of 2.05.

MP Materials (NYSE:MP) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.06. The company had revenue of $147.66 million during the quarter, compared to analyst estimates of $117.37 million. MP Materials had a negative net margin of 19.85% and a negative return on equity of 1.21%. MP Materials’s revenue for the quarter was up 175.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.10) EPS. As a group, analysts forecast that MP Materials Corp. will post -0.21 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. State Street Corp boosted its stake in MP Materials by 5.1% during the second quarter. State Street Corp now owns 7,773,746 shares of the company’s stock valued at $435,408,000 after buying an additional 376,519 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of MP Materials during the second quarter valued at approximately $65,230,000. Principal Financial Group Inc. lifted its position in shares of MP Materials by 32.4% during the first quarter. Principal Financial Group Inc. now owns 919,083 shares of the company’s stock worth $44,355,000 after purchasing an additional 225,009 shares during the last quarter. Alps Advisors Inc. boosted its position in MP Materials by 26.0% in the 3rd quarter. Alps Advisors Inc. now owns 763,110 shares of the company’s stock valued at $36,087,000 after buying an additional 157,272 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in MP Materials by 1.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 564,808 shares of the company’s stock worth $31,635,000 after purchasing an additional 8,556 shares during the period. Institutional investors own 52.55% of the company’s stock.

About MP Materials

MP Materials Corp. is a rare earth materials company focused on restoring and expanding a fully integrated rare earth supply chain in the United States. The company owns and operates the Mountain Pass rare earth mine and processing facility in California, one of the largest rare earth production sites in the Western Hemisphere.

MP Materials primarily produces rare earth concentrate containing neodymium and praseodymium, elements used in high-strength permanent magnets. These magnets are important components in electric vehicles, wind turbines, robotics, defense systems, and other advanced technologies.