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MP Materials (NYSE: MP) reported a significant stock fluctuation, with shares peaking at nearly $99 on October 14, 2025, before dropping 47% to around $52 by November 6. Despite a 15% decline in revenue to approximately $53.6 million, the company surpassed earnings estimates with an adjusted loss per share of 10 cents, compared to the projected 15 cents.
Critical to this performance, MP ceased all sales of rare earth concentrates to China to comply with a U.S. Department of War agreement, causing a drop in revenue from $43 million to zero. However, the company generated $21.9 million from magnetic precursors amid a 61% increase in Neodymium-Praseodymium (NdPr) revenue, contributing to its growth strategy of becoming a vertically integrated permanent magnet manufacturer. MP produced a record 721 metric tons of NdPr in Q3, a 51% increase, and anticipates profitability in Q4, bolstered by a guaranteed price of $110 per kg for NdPr oxide by the Department of War.
Following its earnings report, MP shares rose nearly 23%, with Wall Street analysts projecting a price target around $76-$79, indicating a potential upside of 19-24%. Despite a recent drop in value, analysts maintain an optimistic outlook on MP shares.
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