TSX:NEO - Post Discussion
Post by
Possibleidiot01 on Jul 20, 2024 9:41pm
MP Materials - competitor
BMO Capital analyst Greg Jones Jones initiated coverage of
MP Materials with a Market Perform rating and $16.50 price target. MP is the largest producer of rare earth materials in the Western Hemisphere and is advancing an integrated U.S.-based rare earths business, the analyst tells investors in a research note. The firm believes MP will benefit from the increasing shift away from current China-dominated supply chains but expects the
current low price environment for rare earths to weigh on shares in the near-term.
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