Richard Myers Buys Shares of MP Materials Corp.

Richard Myers recently purchased 3,998 shares of MP Materials Corp. (NYSE:MP) on June 15, 2026. The insider transaction did not specify the purchase price or total value, but it highlighted Myers' interest in the company. Shares of MP Materials were trading at $57.55 at the time of the report.

Insider Buying and Selling at MP Materials Corp.

On June 15, 2026, several insiders, including Richard Myers, Randall Weisenburger, Connie Duckworth, and Maryanne Lavan, each bought 3,998 shares of MP Materials Corp. These transactions were not part of any pre-planned trading arrangement, indicating spontaneous insider interest.

Other Institutional Activity in MP Materials Corp.

Institutional investors have also been active in MP Materials. BlackRock, Inc. increased its holdings by 1,270,058 shares, bringing its total to 14,746,925 shares valued at approximately $711.7 million. State Street Corp. added 799,342 shares, ending with 7,397,227 shares worth about $357 million. Morgan Stanley significantly boosted its position by 2,374,501 shares, now holding 5,552,307 shares valued at $268 million.

MP Materials Corp. Stock Up 3.8%

MP Materials Corp. trades on the NYSE under the ticker MP. The company has a market capitalization of approximately $10.25 billion. It has a forward P/E ratio of 49.99 and a beta of 1.841, indicating a higher level of volatility compared to the market. The stock's 52-week range is between $29.58 and $100.25, with moving averages of $61.83 over 50 days and $62.41 over 200 days. MP Materials maintains a strong liquidity position with a current ratio of 7.176 and a quick ratio of 6.512.

Recent Earnings

MP Materials reported revenue of $347.57 million, with a modest growth rate of 1.19%. However, the company is not currently profitable, with a negative net margin of -20.48% and a return on equity of -4.17%. The next earnings release is scheduled for August 6, 2026.

Analysts Set New Price Targets

On June 1, 2026, Needham initiated coverage on MP Materials with a buy rating and a price target of $81. Barclays also started coverage with a buy rating and a $69 target on May 22, 2026. DA Davidson maintained its buy rating with an $82 target on May 20, 2026. Overall, the stock has a strong buy consensus among analysts, with an average target price of $80.44 based on 16 opinions.

About MP Materials Corp.

MP Materials Corp. is a leading producer of rare earth materials in the Western Hemisphere. The company operates through two segments: Materials and Magnetics. It owns the Mountain Pass Rare Earth Mine and Processing facility in California and produces magnetic precursor products and NdFeB permanent magnets. Founded in 2017, MP Materials is headquartered in Las Vegas, Nevada, and led by CEO James Henry Litinsky.

Bottom Line

Richard Myers' recent purchase of MP Materials shares underscores a growing interest among insiders and institutions in the company. MP Materials is a key player in the rare earth materials sector, with a significant market presence. While the company is not currently profitable, analysts maintain a positive outlook with a consensus strong buy rating. As always, these insider transactions and analyst ratings are backward-looking and should be considered as part of a broader investment strategy.