MP Materials (NYSE:MP) is 7% higher to trade at $62.75 this morning, after the rare earths stock landed an upgrade to "buy" from "hold," as well as a price target hike to $71 from $68 at Deutsche Bank. The brokerage said valuation is looking bullish and opens up a great buying opportunity for those looking to invest in minerals long term.
The stock is attempting to recover from a drawdown from its Oct. 14 record high of $100.25. Support stepped up at shares' 126-day moving average, with MP now 300% higher in 2025.
Short sellers are retreating, with short interest down 3.2% during the most recent two-week reporting period. However, the 24.16 million shares sold still short accounts for 18% of the stock's total available float.
Options look like an affordable way to go for those looking to bet on MP. This is per the equity's Schaeffer's Volatility Index (SVI) of 91%, which ranks in the 32nd percentile of its annual range.
