Is MP Materials the Best American Mining Stock to Buy Right Now? In recent weeks, news outlets have reported on MP Materials Corp.
's (NYSE:MP) impressive quarterly results, with top analysts raising their price targets. Deutsche Bank increased its target to $70 per share, and Wedbush boosted it to a whopping $100, sending the stock soaring.
However, beneath this success lies a more nuanced story about the rare earth mining industry. MP Materials' record NdPr production and sales volumes are not entirely new.