D.A. Davidson & Co. trimmed its holding in MP Materials Corp. by 45.4% during the third quarter, selling 16,908 shares and ending the period with 20,372 shares valued at $1.366 million. Other institutional moves included Royal Bank of Canada boosting its position by 26.5% to 234,185 shares, Goldman Sachs increasing its stake by 36.0% to 193,943 shares, and MIRAE Asset Global ETFs adding 479 shares for a 4.6% gain. Together, these adjustments reflect shifting confidence levels among major investors, with institutional ownership now accounting for 52.55% of outstanding stock.

Brokerages have updated their outlook on MP Materials over the past quarter. Daiwa Capital Markets initiated coverage with an "outperform" rating and an $80 target, while Wall Street Zen downgraded the stock to "sell." Morgan Stanley upgraded to "overweight" and lifted its target from $68.50 to $71.00, and Bank of America raised its target from $78.00 to $112.00 alongside a "buy" rating. BMO Capital Markets moved to "outperform" but trimmed its target slightly to $75.00. Of the sixteen analysts covering the company, one rates it a strong buy, thirteen a buy and one a sell, resulting in a consensus view of "moderate buy" with an average target near $78.91.

In the third quarter, MP Materials ramped neodymium-praseodymium oxide output by 51% year-over-year to 721 metric tons, contributing to a record 13,254 metric tons of total rare earth oxide production. The firm aims for 60,000 metric tons of annual capacity. In July 2025, it secured a 10-year Department of Defense price-floor agreement at $110 per kilogram for NdPr products, improving cash-flow visibility. Corporate partnerships include Apple’s $500 million commitment—backed by a $40 million prepayment for recycled-magnet production—and ongoing qualification work with General Motors, with first magnet shipments expected in the second half of 2026.