Wall Street Zen downgraded MP Materials from hold to sell on Saturday. The move follows recent price target cuts from Needham, Deutsche Bank, and Barclays.
The rare-earth materials producer maintains an average analyst rating of Buy. The consensus price target for the company stands at $79.42.
MP Materials reported quarterly revenue of $90.65 million, surpassing the $74.82 million analyst estimate. The company achieved an earnings per share of $0.03.
The stock currently trades near its 52-week low. Institutional investors own 52.55% of the company.