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MP

MP Materials Corp.

MP

NYSE·Basic Materials·Industrial Materials·Mkt cap $9.7B

$53.31

-1.79%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$29.58 - $100.25

P/E

-124.70

Fwd P/E

85.43

Beta

1.84

Div Yield

0.00%

Avg Vol

6.1M

Shares Out

177.7M

Mkt Cap

$9.7B

Price action

Price chart

Up 67.7% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Sole large-scale rare earth facility in Western Hemisphere
  • Vertically integrated production model
  • Strategic mineral rights and intellectual property
  • Advanced processing technologies

Bear Case

2 risks

  • Above-average volatility (beta 1.8).
  • Growth premium of 2.4x vs Critical Minerals & Rare Earths peers. Elevated but may be justified by growth trajectory.

Growth

Turning profitable

Electric vehicle battery technology expansion

Value

Growth premium of 2.4x vs Critical Minerals & Rare Earths peers. Elevated but may be justified by growth trajectory.

Momentum

Strong

+9.2% over 3m

Quality

Stable

High-growth business (61% revenue growth, 24% gross margin). Pre-profit but investing in growth.

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 6, 2026

Q2 26 RECAP

MAY 7, 2026

Reported EPS of $0.03 vs -$0.01 consensus (+400.0% surprise). Revenue of $90.6M vs $74.8M expected (+21.2%). Beat on both top and bottom lines.

EPS beat +400.0%
Rev beat +21.2%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+400.0%

Next: May 6, 2026

Revenue trend · last 8Q

+48%

+25%

+84%

-15%

+70%

+119%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$31.3M

$62.9M

$61.0M

$60.8M

$57.4M

$53.6M

$103.7M

$132.9M

Margins · last 8Q

Gross

Operating

Profit

-6.0%

Wall Street consensus

3 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

100%

Hold

0%

Sell

0%

Median Price Target

$86.00

+61.3% vs $53.31

Low $69.00
Median $86.00
High $100.00

Latest: Barclays · $69.00 · May 21, 2026

3 analysts covering

vs Industry

How MP stacks vs Industrial Materials

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.