It also noted that MP Materials is a failed repackaged business -- its predecessor company, Molycorp, went bankrupt -- that management dumped on investors at an inflated price. Because of these and other factors, Grizzly Research sees 60% downside in the short and medium term as investors and regulators "wake up to the company's shenanigans."
Full Answer
Why is MP Materials (MP) stock down Thursday?
Oct 26, 2021 · It also noted that MP Materials is a failed repackaged business -- its predecessor company, Molycorp, went bankrupt -- that management dumped on investors at an inflated price. Because of these and...
How much of MP Materials (MP) stock is owned by institutions?
Sep 05, 2021 · What happened. While markets basked in the summer sun last month -- the S&P 500 climbed 3% and the Dow Jones Industrial Average rose 1.8% -- shares of MP Materials ( MP -5.18%) headed in the other ...
Is MP Materials a bearish stock?
Apr 05, 2021 · On March 22, MP Materials announced that current stockholders intended to sell 8 million shares of stock in a secondary offering; moreover, the underwriters would have the option to purchase an ...
Is MP Materials (MP) stock inflated by Shenghe resources?
Apr 11, 2022 · Negative. Very Negative. Source. Headline. MP Materials (NYSE:MP) Price Target Raised to $45.00. marketbeat.com - May 5 at 7:57 AM. Searchlight Minerals (OTCMKTS:SRCH) …
Investors feared getting burned in August and hit the sell button
A member of The Motley Fool since 2006, Scott began contributing content in 2013. His focus includes renewable energy, gold, and water utilities. Follow him on Twitter. . . Follow @scott81236
What happened
While markets basked in the summer sun last month -- the S&P 500 climbed 3% and the Dow Jones Industrial Average rose 1.8% -- shares of MP Materials ( NYSE:MP) headed in the other direction. The rare-earth elements mining company saw its stock fall 11% in August, according to data from S&P Global Market Intelligence.
So what
The month began on a positive note for MP Materials after the company reported strong earnings on Aug. 5. Beating analysts' estimates on both the top and bottom lines, MP Materials also impressed on the cash flow statement.
Now what
It's common for people to follow the moves of company insiders; however, it's reductive for investors to assume that buying shares after an insider buy and selling shares after an insider sells is a prudent strategy.
March may have ended like a lamb, but it was the bears that made more noise with regards to this rare-earth minerals mining company
A member of The Motley Fool since 2006, Scott began contributing content in 2013. His focus includes renewable energy, gold, and water utilities. Follow him on Twitter. . . Follow @scott81236
What happened
After shooting 44% higher in February, shares of MP Materials ( NYSE:MP) fell 14% in March, according to data provided by S&P Global Market Intelligence.
So what
Shareholders had a lot to celebrate last month. On March 10, Cowen initiated coverage of the stock and assigned a $50 price target, representing about 25% of upside from where the stock was trading at the time of the announcement. A week later, more favorable news came as the company reported Q4 2020 earnings.
Now what
Although investors rejoiced at the company's fourth-quarter earnings report, they turned sour upon learning of the insiders' decision to sell 8 million shares.
MP Materials Media Sentiment
Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.
Media Coverage
We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.
MP Materials (NYSE MP) News Headlines Today
Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm.
Insider selling and a new bond offering are pressuring shares of the rare-earth miner
Reuben Gregg Brewer believes dividends are a window into a company's soul. He tries to invest in good souls.
What happened
Shares of MP Materials ( NYSE:MP) dropped roughly 13% in the first 30 minutes or so of trading on March 23. When considering the 160% gain the stock has achieved since its initial public offering (IPO) in late 2020, that's not too big a deal.
So what
The first bit of news was that a large stockholder would be selling 8 million shares in a secondary offering. The underwriter has the option to increase that by another 1.2 million shares. MP Materials won't see any of the proceeds from the sale and the shares won't increase the total number of issued shares.
Now what
The big story here is that MP Materials and certain insiders are taking advantage of the company's popularity and the current market environment on Wall Street to raise cash. The stock sale won't cause dilution, but it will increase the amount of stock that's in public hands.
Is MP Materials a buy right now?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MP Materials in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MP Materials stock.#N#View analyst ratings for MP Materials or view top-rated stocks.
What stocks does MarketBeat like better than MP Materials?
Wall Street analysts have given MP Materials a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MP Materials wasn't one of them.
When is MP Materials' next earnings date?
MP Materials is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.#N#View our earnings forecast for MP Materials.
How were MP Materials' earnings last quarter?
MP Materials Corp. (NYSE:MP) announced its earnings results on Thursday, August, 5th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. The company had revenue of $73.12 million for the quarter, compared to analysts' expectations of $57.60 million.#N#View MP Materials' earnings history.
What price target have analysts set for MP?
8 equities research analysts have issued 12 month price objectives for MP Materials' shares. Their forecasts range from $25.00 to $50.00. On average, they anticipate MP Materials' stock price to reach $40.50 in the next twelve months.
Who are some of MP Materials' key competitors?
Some companies that are related to MP Materials include Vedanta (VEDL), First Quantum Minerals (FQVLF), Cleveland-Cliffs (CLF), Impala Platinum (IMPUY), South32 (SOUHY), Lundin Mining (LUNMF), Turquoise Hill Resources (TRQ), Exxaro Resources (EXXAY), Lithium Americas (LAC), Pretium Resources (PVG), Compañía de Minas Buenaventura S.A.A.
What is MP Materials' stock symbol?
MP Materials trades on the New York Stock Exchange (NYSE) under the ticker symbol "MP."
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Why MP Materials Stock Just Popped
Shares of MP Materials (NYSE: MP), a miner of rare earth elements, are up 3.3% at 11:15 a.m. EDT Friday after crushing Q2 earnings estimates yesterday afternoon. The bad news is that at one point this morning, MP shares were up as much as 12.5%, so it actually looks as if the enthusiasm over this rare earth metals stock is dying out fast.
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