Investment firm D.A. Davidson & Co. reduced its position in MP Materials by 45.4% during the third quarter, selling 16,908 shares and ending the period with 20,372 shares valued at approximately $1.366 million. In contrast, Royal Bank of Canada increased its stake by 26.5%, adding 49,052 shares to reach 234,185 shares valued at $5.716 million. AQR Capital Management and Integrated Wealth Concepts each established new positions worth about $215,000 and $219,000 respectively. MIRAE Asset Global ETFs boosted its holdings by 4.6%, acquiring an additional 479 shares for a total of 10,793 shares valued at $265,000. Goldman Sachs raised its position by 36%, adding 51,348 shares to attain 193,943 shares worth $4.734 million. Combined institutional ownership now stands at 52.55%.

Daiwa Capital Markets initiated coverage of MP Materials with an Outperform rating and set a $80.00 target. Wall Street Zen lowered its recommendation from Hold to Sell, while Morgan Stanley upgraded from Equal Weight to Overweight and raised its target from $68.50 to $71.00. Bank of America boosted its target from $78.00 to $112.00 and maintained a Buy rating. BMO Capital Markets upgraded its view to Outperform but trimmed its target from $76.00 to $75.00. Across 15 analysts, one Strong Buy, thirteen Buys and one Sell yield a consensus Moderate Buy rating with an average target of $78.91.

In the third quarter, MP Materials reported revenue of $53.55 million, surpassing estimates by $3.83 million, and posted a loss per share of $0.10, beating consensus by $0.05. Revenue declined 14.9% year-over-year, while return on equity was negative 7.69% and net margin stood at negative 50.55%. Production of neodymium-praseodymium oxide rose 51% year-over-year to 721 metric tons, and total rare earth oxide output reached a record 13,254 metric tons. Management reaffirmed its goal of increasing annual oxide production capacity to 60,000 metric tons and projected a return to positive earnings per share in the fourth quarter.

MP Materials secured a 10-year price protection agreement with the U.S. Department of Defense at $110 per kilogram for neodymium-praseodymium products, effective October 1, 2025, enhancing earnings visibility. Apple committed $500 million to long-term purchases and a rare-earth recycling line, including a $40 million prepayment toward recycled magnet production. The company is on track to begin magnet shipments to General Motors in the second half of 2026. Insider sales totaled 964,157 shares valued at $61 million over the last quarter, including 385,000 shares sold by the CEO and 38,146 shares sold by the CFO, reducing insider ownership by 9.5%.