News
MP
16.78
+2.63%
0.43
Australian Stocks: Rinehart Grabs Big Stake in Lynas Rare Earths (LYC), Shares Soar
TipRanks · 14h ago
Australian billionaire Rinehart scoops up big stake in Lynas Rare Earths
Energy Australian billionaire Rinehart scoops up big stake in Lynas Rare Earths. Hancock Prospecting has raised its ownership stake in the rare earths producer to 5.82%. The company has acquired more than 8M shares of Lynas since last week. Speculation she may emerge as a kingmaker in a potential merger between Lynas and MP Materials.
Seeking Alpha · 1d ago
MP Materials: Securing America's Future With Massive Short Squeeze Potential
MP Materials Corp. Is a rare earth mining and processing company. The company is strategically positioned to cater to the growing demand for rare earth materials, especially in the automotive sector. MP Materials has a three-stage plan to reinstate the complete rare earth supply chain within the United States. 21% of the company's shares are sold short.
Seeking Alpha · 2d ago
Weekly Report: what happened at MP last week (0408-0412)?
Weekly Report · 2d ago
Brent crude tops $90 on Mideast fears, but IEA sees slower global oil demand growth
Crude oil futures settle higher Friday after touching their highest intraday levels in six months. The IEA sees slower global oil demand growth for 2024. The energy sector ended the week with losses for the full week. U.S. Crude stocks rose sharply and inflation came in hotter than expected.
Seeking Alpha · 5d ago
REMX: This Rare Earth And Metals ETF Appears Poised For A Breakout
VanEck Rare Earth/Strategic Metals ETF offers diversification in rare earth, lithium, and other strategic metals companies. The ETF has seen poor returns in the past few years, but there is potential for a rebound in lithium and rare earth prices. China's improving economy and growing demand for strategic metals could drive the rebound of the ETF.
Seeking Alpha · 5d ago
Analyst Expectations For MP Materials's Future
MP Materials Corp is the producer of rare earth materials in the Western Hemisphere. 7 analysts provided ratings for MP Materials in the latest quarter. MP Materials has an average price target of $21.07. The company's 12-month price target has decreased by 16.82% from the previous average of $25.33.
Benzinga · 6d ago
MP Materials Price Target Cut to $15.00/Share From $17.00 by Deutsche Bank
Dow Jones · 6d ago
MP Materials Is Maintained at Hold by Deutsche Bank
Dow Jones · 6d ago
Deutsche Bank Maintains Hold on MP Materials, Lowers Price Target to $15
Benzinga · 6d ago
MP Materials Announces Date for First Quarter 2024 Financial Results and Webcast
MP Materials Corp. Will release its financial results for the first quarter ended March 31, 2024 after the U.S. Markets close on Thursday, May 2, 2024. MP Materials’ management will host a conference call and webcast that afternoon at 2:00 p.m. Pacific Time.
Barchart · 6d ago
MP MATERIALS <MP.N>: DEUTSCHE BANK CUTS TARGET PRICE TO $15 FROM $17
Reuters · 6d ago
Deals of the day-Mergers and acquisitions
Spanish drug maker Grifols plans to meet its debt payments in 2025. Italy's Italgas has made a preliminary offer worth 4-5 billion euros for 2i Rete Gas. U.S. Rare-earths producer MP Materials says Gina Rinehart's mining firm has taken a stake in the company.
Reuters · 04/10 09:43
UPDATE 1-Australian magnate Rinehart takes stake in US miner MP Materials
Australian billionaire Gina Rinehart's mining firm takes 5.3% stake in U.S. Rare-earths producer MP Materials. MP Materials is the second-biggest producer of rare earths outside China. Hancock Prospecting holds about 8.8 million shares of the company.
Reuters · 04/10 03:35
MP Materials jumps 19% in two days as Australian billionaire Rinehart buys stake
Seeking Alpha · 04/09 22:16
Australian billionaire Rinehart's firm takes stake in US miner MP Materials
Australian billionaire Rinehart's firm takes stake in US miner MP Materials. MP Materials is biggest producer of rare earths in the United States. Hancock Prospecting holds about 8.8 million shares of the company. Australian billionaire's mining firm has taken a 5.3% stake in the firm.
Reuters · 04/09 18:51
Stocks Fall Ahead Of Key Inflation Data, Gold Defends Record Highs; Bitcoin Stumbles Below $70,000: What's Driving Markets Tuesday?
US stocks edged lower during midday trading on Tuesday. The S&P 500 index declined by 0.2%, dragged down by financials, industrials, and energy stocks. The Consumer Price Index report is scheduled for Wednesday. Bitcoin dropped by 4.6% after breaking record highs earlier in the day.
Benzinga · 04/09 17:53
Should Weakness in MP Materials Corp.'s (NYSE:MP) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
MP Materials's (NYSE:MP) 1.8% return on equity is a measure of how well a company can grow its profits. The company earned 1.7% in the last year. Despite this, MP Materials saw an exceptional net income growth of 50% over the past five years. Its ROE is better than the industry average of 10.0%. The company doesn't pay any dividends. MP Materials has a return on Equity of 1.6%.
Simply Wall St · 04/09 11:12
Why Electric Vehicle and Affiliated Stocks Zoomed Higher Today
Tesla CEO Elon Musk said the company will unveil a robotaxi this summer. The electric vehicle (EV) sector is expected to benefit from the rise of the robotaxis segment. Many EV and related stocks rose on Monday in response to the news. Chinese EV maker Didi Global has a business license to mass-produce robotaxis in China.
The Motley Fool · 04/08 22:44
Materials Sector Rises Amid Government Incentives -- Materials Roundup
Perpetua Resources shares rallied after it could receive up to $1.8 billion in debt financing for its antimony project in Idaho. MP Materials' shares rose on a $58.5 million award to advance construction of a rare earth magnet facility. Stocks in the materials sector rose on the prospect of government incentives for the industry.
Dow Jones · 04/08 20:55
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About MP
MP Materials Corp. produces specialty materials that are vital inputs for electrification and other advanced technologies. The Company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility (Mountain Pass) in North America, and is constructing a rare earth metal, alloy and magnet manufacturing facility in Fort Worth, Texas (the Fort Worth Facility). The Company produces rare earth concentrate products as well as refined rare earth oxides and related products. It is producing separated rare earth products, including neodymium-praseodymium (NdPr) oxide. The Company has a distributorship agreement with Sumitomo Corporation of Americas (Sumitomo), under which Sumitomo serves as the exclusive distributor of the NdPr oxide and NdPr metal produced by the Company to Japanese customers.