Long Position on MP @ $42.00 on 11/10/2021 (Fundamentals)

MP Materials Corp. (MP) engages in the ownership and operation of integrated rare earth mining and processing facilities. It owns and operates the Mountain Pass facility located in the Western Hemisphere.

The company holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals.

It offers neodymium and praseodymium that are rare earth elements, which in combination form neodymium-praseodymium.

MP Materials Corp. is the largest producer of rare earth materials in the Western Hemisphere. With more than 275 employees, the Company owns and operates the Mountain Pass facility. This iconic American industrial asset is the only rare earth mining and processing site of scale in the Western Hemisphere and currently produces approximately 15% of global rare earth content.

The company was incorporated in 2017 and is headquartered in Las Vegas, Nevada.

Please note, this stock reported earnings on Thursday, November 4th.

MP Materials Corp. reported 3rd Quarter September 2021 earnings of $0.25 per share on revenue of $99.8 million. The consensus earnings estimate was $0.16 per share on revenue of $66.9 million.

MP Materials Corp should be a beneficiary of the recent infrastructure bill passing.

Entry Point: $42.00

Trading Range: $12.91 - $51.77

Stop Loss: $40.00

Target Price: $46.00

Updates

12/29/2021 11:35:58 AM

MP closed at $44.60

Position closed on 12/29/2021 at price of $44.60 with a 6.19% gain in 49 days.

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