On August 4, MP Materials Corp. rose 6.34% in pre-market trading, trading at $46.48/share, with turnover of $1.8118 million.

On the news front, the company is scheduled to release its quarterly earnings on August 6 after market close. Market consensus expects revenue growth of 117.39% year-over-year this quarter. In Q1, the company delivered revenue of $90.649 million, beating estimates by 18.5%, while adjusted EPS of $0.03 also exceeded expectations. Wedbush subsequently raised its price target to $100, citing strong performance driven by record NdPr oxide production volumes.

The stock had previously declined over 10% following industry reports indicating its Texas magnet factory commissioning would be delayed to 2028, and is currently in an oversold recovery phase. Sector peers including USA Rare Earth (+4.35%) and Almonty Industries (+4.75%) also extended gains, reflecting broader rare earth sector strength. Deutsche Bank maintains a Buy rating with a $61 target, while analysts polled by FactSet assign an average Buy rating with a mean target of $80.40.

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