US Defense Department Forges $400 Million Partnership with MP Materials

MP Materials is riding a wave of positive analyst sentiment, bolstered by a landmark strategic agreement with the US government. The rare earths specialist has received multiple analyst upgrades, with JPMorgan lifting its rating from Neutral to Overweight, citing the company’s “unparalleled earnings visibility” within the sector.

This surge in analyst confidence is grounded in concrete financial developments. Previously, Bank of America increased its price target from $78 to $112. In a separate move, Deutsche Bank also upgraded the stock, pointing to its assessment of the company’s fundamental value.

In a significant move for domestic rare earth production, the Pentagon is investing $400 million in MP Materials’ preferred shares. This partnership is Read more...