Reported 3 days ago
BMO Capital has initiated a Hold rating for MP Materials Corp. (NYSE:MP), setting a price target of $76. The firm recognizes MP Materials as a leader in the U.S. rare earth industry, benefiting from a ten-year partnership with the Department of Defense, which provides financial stability. However, analyst Raj Ray voiced concerns that the market has already priced in the company's future earnings, resulting in a fair valuation. As the stock has risen significantly this year, further catalysts may be needed to boost its price.
Source: YAHOO