mp materials owns and operates mountain pass, the only rare earth mining and processing site in north america. rare earths power the modern economy. they are essential components in a wide range of industrial, clean energy and information technology applications. should you wish to consider employment opportunities, please submit your resume to: hr@mpmine.com additional inquiries can be made to: info@mpmine.com
Company profile
Ticker
MP
Exchange
Website
CEO
Alberto Mario Griselli
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Fortress Value Acquisition Corp.
SEC CIK
Corporate docs
Subsidiaries
MP Mine Operations LLC • Secure Natural Resources LLC • MP Magnetics LLC • MP Separations Company LLC ...
MP stock data
Latest filings (excl ownership)
8-K
Settlement Method Election Notice
22 Mar 24
8-K
Entry into a Material Definitive Agreement
7 Mar 24
8-K
MP Materials Announces Proposed Offering of Convertible Notes
4 Mar 24
10-K
2023 FY
Annual report
28 Feb 24
8-K
MP Materials Reports Fourth Quarter and Full Year 2023 Results
22 Feb 24
8-K
Entry into a Material Definitive Agreement
16 Jan 24
10-Q
2023 Q3
Quarterly report
3 Nov 23
8-K
MP Materials Reports Third Quarter 2023 Results
2 Nov 23
10-Q
2023 Q2
Quarterly report
4 Aug 23
8-K
MP Materials Reports Second Quarter 2023 Results
3 Aug 23
Transcripts
MP
Earnings call transcript
2023 Q4
22 Feb 24
MP
Earnings call transcript
2023 Q3
2 Nov 23
MP
Earnings call transcript
2023 Q2
3 Aug 23
MP
Earnings call transcript
2023 Q1
4 May 23
MP
Earnings call transcript
2022 Q4
23 Feb 23
MP
Earnings call transcript
2022 Q3
4 Nov 22
MP
Earnings call transcript
2022 Q2
5 Aug 22
MP
Earnings call transcript
2022 Q1
6 May 22
MP
Earnings call transcript
2021 Q4
25 Feb 22
MP
Earnings call transcript
2021 Q3
5 Nov 21
Latest ownership filings
SC 13G
Hancock Prospecting Pty Ltd
5 Apr 24
4
CONNIE K DUCKWORTH
1 Apr 24
4
Maryanne Lavan
1 Apr 24
4
Ryan Corbett
18 Mar 24
4
Elliot Dean Hoops
27 Feb 24
4
Michael Stuart Rosenthal
20 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G
BlackRock Inc.
26 Jan 24
4
Michael Stuart Rosenthal
16 Jan 24
4
Ryan Corbett
16 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 549.24 mm | 549.24 mm | 549.24 mm | 549.24 mm | 549.24 mm | 549.24 mm |
Cash burn (monthly) | 126.75 mm | (no burn) | 5.85 mm | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 873.70 mm | n/a | 40.29 mm | n/a | n/a | n/a |
Cash remaining | -324.45 mm | n/a | 508.95 mm | n/a | n/a | n/a |
Runway (months of cash) | -2.6 | n/a | 87.1 | n/a | n/a | n/a |
Institutional ownership, Q4 2023
42.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 306 |
Opened positions | 50 |
Closed positions | 122 |
Increased positions | 107 |
Reduced positions | 97 |
13F shares | Current |
---|---|
Total value | 1.06 tn |
Total shares | 75.40 mm |
Total puts | 1.05 mm |
Total calls | 2.10 mm |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
Shenghe Resources Holding | 13.72 mm | $441.25 mm |
Vanguard | 13.64 mm | $270.67 bn |
STT State Street | 8.38 mm | $166.44 bn |
Van Eck Associates | 3.12 mm | $61.98 mm |
Baillie Gifford & Co | 2.96 mm | $58.76 bn |
MS Morgan Stanley | 2.41 mm | $47.75 bn |
Cooperman Leon G | 2.39 mm | $47.49 bn |
Dimensional Fund Advisors | 2.31 mm | $45.96 bn |
Renaissance Technologies | 2.08 mm | $41.33 mm |
BK Bank Of New York Mellon | 1.67 mm | $33.24 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 Mar 24 | Duckworth Connie K | Common Stock | Grant | Acquire A | No | No | 0 | 1,989 | 0.00 | 27,374 |
31 Mar 24 | Maryanne Lavan | Common Stock | Grant | Acquire A | No | No | 0 | 1,865 | 0.00 | 11,268 |
16 Mar 24 | Ryan Corbett | Common Stock | Payment of exercise | Dispose F | No | No | 13.9 | 289 | 4.02 k | 375,021 |
26 Feb 24 | Elliot Dean Hoops | Common Stock | Gift | Acquire G | Yes | No | 0 | 6,476 | 0.00 | 31,225 |
26 Feb 24 | Elliot Dean Hoops | Common Stock | Gift | Dispose G | No | No | 0 | 6,476 | 0.00 | 80,335 |
17 Feb 24 | Michael Stuart Rosenthal | Common Stock | Payment of exercise | Dispose F | No | No | 16.55 | 171,462 | 2.84 mm | 1,372,975 |
News
JP Morgan Downgrades MP Materials to Neutral, Announces $16 Price Target
23 Apr 24
Analyst Expectations For MP Materials's Future
11 Apr 24
Deutsche Bank Maintains Hold on MP Materials, Lowers Price Target to $15
11 Apr 24
Stocks Fall Ahead Of Key Inflation Data, Gold Defends Record Highs; Bitcoin Stumbles Below $70,000: What's Driving Markets Tuesday?
9 Apr 24
Model N, Ducommun, Perpetua Resources And Other Big Stocks Moving Higher On Monday
8 Apr 24
Press releases
MP Materials Announces Date for First Quarter 2024 Financial Results and Webcast
11 Apr 24
MP Materials Awarded $58.5 Million to Advance U.S. Rare Earth Magnet Manufacturing
1 Apr 24
MP Materials Announces Pricing of $650 Million 3.00% Convertible Notes
5 Mar 24
MP Materials Announces Proposed Offering of Convertible Notes
4 Mar 24
MP Materials Reports Fourth Quarter and Full Year 2023 Results
22 Feb 24