MP Materials (MP) Soars 10.1%: Is Further Upside Left in the Stock?

Company Overview - MP Materials Corp. shares increased by 10.1% to close at $24.47, with trading volume significantly higher than usual, compared to an 8.7% gain over the past four weeks [1] - The company announced the start of commercial production of neodymium-praseodymium (NdPr) metal and trial production of automotive-grade sintered neodymium-iron-boron (NdFeB) magnets at its Fort Worth, TX facility, marking it as America's first fully integrated rare earth metal, alloy, and magnet manufacturing facility [2] Industry Context - China remains the dominant player in the rare earth market, prompting the U.S. government to seek reduced reliance on Chinese imports through domestic production and partnerships with allied nations [3] - The Trump administration's 10% tariff on Chinese imports may influence U.S. rare earth prices in the long term, with interest in securing rare earth supplies from Ukraine as part of financial support [3] Financial Performance - MP Materials is expected to report a quarterly loss of$ 0.12 per share, reflecting a year-over-year change of -500%, while revenues are projected to be $50.58 million, an increase of 22.7% from the previous year [4] - The consensus EPS estimate for MP Materials has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [5] Comparative Analysis - MP Materials is part of the Zacks Mining - Miscellaneous industry, where Cleveland-Cliffs (CLF) also operates, with CLF's stock rising 8% to$ 10.52 but showing a -1.6% return over the past month [5] - Cleveland-Cliffs' consensus EPS estimate has decreased by 6.7% over the past month to -$0.54, representing a year-over-year change of -980% [6]