NYSE:MPMetals and Mining
MP Materials (MP) Stock May Be Expensive Following Critical Minerals Funding News
MP Materials has delivered a strong 3 year gain, yet the stock now screens as expensive on market multiples, which raises questions about how much of the story is already in the US$57.42 share price.
MP Materials has returned about 189.6% over 3 years, which puts recent weakness into the context of a very strong medium term run.
Fresh interest in critical minerals linked to the US government's focus on domestic supply chains can support sentiment. Any change in policy momentum or funding...