Companies /Basic Materials

MP Materials Corporation

NYSE: MP Other Industrial Metals & Mining
$35.41
▲ $1.67 (+4.95%) today
Markets closed · 10:10pm ET

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MP at a Glance

Valuation
Market cap
$6.0B
Profitability
Revenue (TTM)
$416.2M
Profit margin
-14.6%
EPS (TTM)
$-0.33
Price
52-week range
$32 – $77
Street target
$70.94
Earnings
Q3 2026 EPS
$0.04
vs. $-0.01 est.
+516.7%

Headquartered in Las Vegas, NV Fiscal year ends December NYSE: MP mpmaterials.com

About MP Materials

MP Materials Corp. (NYSE: MP) is a vertically integrated U.S. rare earth producer. Its operations span mining, processing, separation, metallization and permanent magnet manufacturing.

The company reports two segments:
- **Materials:** runs the Mountain Pass Rare Earth Mine and Processing Facility in California. It produces separated NdPr oxide and metal, rare earth concentrate, and other products such as SEG+ (samarium-europium-gadolinium and heavier elements).
- **Magnetics:** includes the Independence facility in Fort Worth, Texas. Independence produces magnetic precursor products and began manufacturing neodymium-iron-boron permanent magnets in December 2025. The segment also includes the planned 10X magnet facility.

Its products serve transportation and EVs, energy, robotics, defense and aerospace. The company has a strategic partnership with the U.S. Department of War that includes a price protection agreement generating PPA income. It also has a long-term magnet supply agreement with Apple and a magnet supply relationship with General Motors, whose qualification was completed in Q3 2026. Updated

Latest Activity

MPMP Materials
Q3 2026
EPS
$0.04
est -$0.01+$0.05
Revenue
$148M
est $119M+24.2%

GM magnet qualification is done, and saleable magnet deliveries plus revenue start in the fourth quarter, the first commercial proof that the Independence ramp works. Revenue jumped 176% year over year, helped by a one-time SEG+ sale to a US aerospace and defense customer.

Quarterly EPS — reported vs estimate

MP Coverage

Frequently Asked Questions

What does MP Materials do?

MP Materials Corp. (NYSE: MP) is a vertically integrated U.S. rare earth producer. Its operations span mining, processing, separation, metallization and permanent magnet manufacturing.

What is the MP stock price target?

The Wall Street consensus 12-month price target for MP is $70.94.