MP Materials (NYSE: MP ) has been building a fully integrated mining structure, from the upstream (mining) and midstream (refining) to the downstream (production of magnets) in a record time. While rare earth prices have probably bottomed out, they are still not elevated enough Hello readers! Passionate about technology, my focus will be on finding and analyzing companies that can play a relevant role in today's geopolitics, leverage their IP, and eventually, with time, become new leaders. Therefore, the in ...

MP Materials Corp. (NYSE:MP) Q3 2024 Earnings Call Transcript November 7, 2024 5:00 PM ET Company Participants Martin Sheehan - Senior VP of Investor Relations Jim Litinsky - Chairman, and Chief Executive Officer Ryan Corbett - Chief Financial Officer Michael Rosenthal - Chief Operating Officer Conference Call Participants Kevin Estok - Jefferies Matt Summerville - D.A. Davidson Greg Jones - BMO Bill Peterson - JPMorgan Ben Kallo - Baird Operator Hello. And welcome to the MP Materials’ Third Quarter 2024 Ea ...

MP Materials Corp. (MP) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -9.09%. A quarter ago, it was expected that this company would post a loss of $0.10 per share when it actually produced a loss of $0.17, delivering a surprise of -70%. Over the last four quarters, the company has sur ...

Q3 2024 Results November 7, 2024 This presentation contains certain statements that are not historical facts and are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of the words such as "estimate," "plan," "shall," "may," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "will," "target," "on track," or similar expressions that pred ...

Exhibit 99.1 For the three months ended September 30, 2024 vs. 2023 MP Materials Reports Third Quarter 2024 Results Revenue increased 20% year-over-year to $62.9 million Record REO production of 13,742 metric tons, a 28% increase year-over-year Record NdPr production of 478 metric tons, a 76% sequential increase NdPr sales volumes nearly tripled sequentially to 404 metric tons Fort Worth metal production in commissioning with deliveries on track for year-end LAS VEGAS, November 7, 2024 – MP Materials Corp. ...

MP Materials Corp. (NYSE:MP) Gabelli Funds 48th Annual Automotive Aftermarket Symposium Conference November 4, 2024 2:50 PM ET Company Participants Martin Sheehan - Head of Investor Relations Ryan S. Corbett - Chief Financial Officer Conference Call Participants Brian Sponheimer - Gabelli Funds Brian Sponheimer Okay. Moving along, we have via Zoom, MP Materials, and their CFO, Ryan Corbett, and Martin Sheehan, who heads up, Investor Relations for the company. As I mentioned before, MP is the largest owner a ...

MP Materials Corp. (NYSE:MP) Gabelli Funds 48th Annual Automotive Aftermarket Symposium Conference November 4, 2024 2:50 PM ET Company Participants Martin Sheehan - Head of Investor Relations Ryan S. Corbett - Chief Financial Officer Conference Call Participants Brian Sponheimer - Gabelli Funds Brian Sponheimer Okay. Moving along, we have via Zoom, MP Materials, and their CFO, Ryan Corbett, and Martin Sheehan, who heads up, Investor Relations for the company. As I mentioned before, MP is the largest owner a ...

MP Materials Overview Gabelli Funds' 48 t h Annual Automotive Symposium 2024 This presentation contains certain statements that are not historical facts and are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of the words such as "estimate," "plan," "shall," "may," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "will," "target," ...

The market expects MP Materials Corp. (MP) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be re ...

Investment Rating - Maintains an **OUTPERFORM** rating with a target price of **US$21.60** [1] Core Views - MP Materials is the largest rare earth material producer in the Western Hemisphere, owning the only rare earth mining and processing base in North America, Mountain Pass, which supplies approximately **15%** of global rare earth demand [1] - The company reported a **51% YoY decline** in operating income to **US$31.258 million** in 24Q2, with a net loss of **US$34.055 million** and adjusted EBITDA of **US$27.06 million** [1] - Rare earth oxide (REO) sales volume and realized price per ton decreased, leading to a decline in operating income and financial performance in 24Q2 [1] Financial Performance - In 24Q2, REO production was **9,084 tons**, a **16% YoY decline**, while REO sales were **5,839 tons**, down **43% YoY** [1] - The realized price of REO per ton was **US$4,183**, a **33% YoY decline** [1] - NdPr production reached **272 tons**, more than double the previous quarter, while NdPr sales were **136 tons**, flat compared to Q1, with a realized price of **US$48 per ton**, down **22%** from Q1 [1] Expansion and Future Plans - MP Materials is expanding its upstream, midstream, and downstream operations, including the **Upstream 60K** expansion plan, which is progressing steadily [1] - The company expects **NdPr production to increase by 50%** in Q3 compared to Q2, with improved unit costs as production scales up [1] - The downstream rare earth magnet production line is nearly ready, positioning the company to capitalize on future green technology industries such as electric vehicles and wind turbines [1] Profit Forecast - Revenue is projected to be **US$151 million**, **US$341 million**, and **US$521 million** for 2024, 2025, and 2026, respectively [1] - EPS is forecasted to be **-US$0.29**, **US$0.36**, and **US$0.65** for 2024, 2025, and 2026, respectively [1] - The company is valued at **60x PE** for 2025, with a target price of **US$21.60** [1]