MP Materials(MP)

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MP Materials(MP) - 2024 Q3 - Quarterly Results
2024-11-07 21:16
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. (MP) Gabelli Funds 48th Annual Automotive Aftermarket Symposium Conference (Transcript)
Seeking Alpha· 2024-11-04 23:12
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. (MP) Gabelli Funds 48th Annual Automotive Aftermarket Symposium Conference (Transcript)
2024-11-04 23:12
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 ...
November-2024-Gabelli-Conference-Deck-FINAL-11-4-24
2024-11-04 20:52
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," ...
Analysts Estimate MP Materials Corp. (MP) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-10-31 15:07
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 ...
MP Materials Corp-A:西半球最大稀土生产商,无惧业绩波动,持续推进新阶段
海通国际· 2024-10-29 12:18
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]
MP Materials Corp (MP) Trading Down 3.36% on Oct 2
Gurufocus· 2024-10-02 16:10
Shares of MP Materials Corp (MP, Financial) fell 3.36% in mid-day trading on Oct 2. The stock reached an intraday low of $16.87, before recovering slightly to $16.95, down from its previous close of $17.54. This places MP 18.71% below its 52-week high of $20.85 and 69.16% above its 52-week low of $10.02. Trading volume was 814,031 shares, 21.0% of the average daily volume of 3,876,984. Wall Street Analysts Forecast Based on the one-year price targets offered by 11 analysts, the average target price for MP M ...
MP Materials: Its Critical Role In Rare Earth To Reward Patient Investors
Seeking Alpha· 2024-09-27 09:03
Rare Earth Elements (REE), and Rare Earth Oxides (REO) in particular, are critical across various industries and manufacturing chains. EVs, wind turbines, military engines, robotics and generally speaking, most machines that require some sort of electric automation are powered by REE. While I am always on the lookout for strongly undervalued stocks, in the dirt and under the rocks. Following me will allow you to read about little known, forgotten and underrated stocks, in any geography and sector.My name is ...
MP Materials Corp. (MP) Jefferies Global Industrial Conference (Transcript)
Seeking Alpha· 2024-09-04 22:10
MP Materials Corp. (NYSE:MP) Jefferies Global Industrial Conference September 4, 2024 1:20 PM ET Company Participants James Litinski - Founder, Chairman and CEO Conference Call Participants Laurence Alexander - Jefferies Laurence Alexander [Call Started Abruptly] afternoon session of the Jefferies Industrials Conference. First day of the Industrial Conference. I'm Laurence Alexander with the Jefferies Chemicals team. Up next is MP Materials. And with us today is CEO, Founder and Chairman, James Litinski. Th ...
MP Materials Corp. (MP) Jefferies Global Industrial Conference (Transcript)
2024-09-04 22:10
MP Materials Corp. (NYSE:MP) Jefferies Global Industrial Conference September 4, 2024 1:20 PM ET Company Participants James Litinski - Founder, Chairman and CEO Conference Call Participants Laurence Alexander - Jefferies Laurence Alexander [Call Started Abruptly] afternoon session of the Jefferies Industrials Conference. First day of the Industrial Conference. I'm Laurence Alexander with the Jefferies Chemicals team. Up next is MP Materials. And with us today is CEO, Founder and Chairman, James Litinski. Th ...