Latest news with #MP
Yahoo
3 hours ago
- Business
- Yahoo
MP Materials (NYSE:MP) Reports Q1 Net Loss Despite Increase In REO Production
MP Materials recently signed a Memorandum of Understanding with the Saudi Arabian Mining Company to develop a rare earth supply chain in Saudi Arabia, aligning with growing global demands. Despite reporting a net loss for the first quarter, the company increased its REO and NdPr production volumes. Additionally, no shares were repurchased in the recent buyback tranche, reflecting existing efforts. Over the past week, the company's share price rose by 11%, notably outperforming the market's 2% gain. Enhanced production results and the promising alliance appear to add weight to this recent upward trend amidst broader market growth. We've discovered 1 weakness for MP Materials that you should be aware of before investing here. The end of cancer? These 23 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. The recent Memorandum of Understanding between MP Materials and the Saudi Arabian Mining Company could significantly influence MP's growth narrative. By developing a rare earth supply chain in Saudi Arabia, the company stands to expand its reach into ex-China markets, potentially increasing revenue opportunities and enhancing production efficiency. This collaboration may further bolster MP's position by integrating strategic partnerships, which aligns well with existing efforts to enhance production capacities. Over the longer term, MP Materials' total return, including share price and dividends, was 34.34% over the past year. This performance exceeds both the broader market's return and the US Metals and Mining industry, which had varying results over the same period. While the company's share price rose by 11% in the past week, outperforming the 2% market gain, its longer-term success underscores its enhanced capabilities in navigating volatile pricing and market demands. The recent partnership news might positively impact revenue and earnings forecasts, further pushing analyst expectations. Given the increased production capabilities and expanded market access through new agreements, analysts' anticipated revenue growth of 33.6% per year could see validation. The consensus price target of US$26.69, slightly higher than the current share price of US$24.58, suggests moderate upside potential, indicating that the market views the company's future prospects with cautious optimism. Nonetheless, the forecasted improvement in margins and earnings growth would be critical in achieving the price target, inviting investors to evaluate their assumptions against these predictions. Click to explore a detailed breakdown of our findings in MP Materials' financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:MP. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
3 hours ago
- Business
- Yahoo
MP Materials (NYSE:MP) Reports Q1 Net Loss Despite Increase In REO Production
MP Materials recently signed a Memorandum of Understanding with the Saudi Arabian Mining Company to develop a rare earth supply chain in Saudi Arabia, aligning with growing global demands. Despite reporting a net loss for the first quarter, the company increased its REO and NdPr production volumes. Additionally, no shares were repurchased in the recent buyback tranche, reflecting existing efforts. Over the past week, the company's share price rose by 11%, notably outperforming the market's 2% gain. Enhanced production results and the promising alliance appear to add weight to this recent upward trend amidst broader market growth. We've discovered 1 weakness for MP Materials that you should be aware of before investing here. The end of cancer? These 23 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. The recent Memorandum of Understanding between MP Materials and the Saudi Arabian Mining Company could significantly influence MP's growth narrative. By developing a rare earth supply chain in Saudi Arabia, the company stands to expand its reach into ex-China markets, potentially increasing revenue opportunities and enhancing production efficiency. This collaboration may further bolster MP's position by integrating strategic partnerships, which aligns well with existing efforts to enhance production capacities. Over the longer term, MP Materials' total return, including share price and dividends, was 34.34% over the past year. This performance exceeds both the broader market's return and the US Metals and Mining industry, which had varying results over the same period. While the company's share price rose by 11% in the past week, outperforming the 2% market gain, its longer-term success underscores its enhanced capabilities in navigating volatile pricing and market demands. The recent partnership news might positively impact revenue and earnings forecasts, further pushing analyst expectations. Given the increased production capabilities and expanded market access through new agreements, analysts' anticipated revenue growth of 33.6% per year could see validation. The consensus price target of US$26.69, slightly higher than the current share price of US$24.58, suggests moderate upside potential, indicating that the market views the company's future prospects with cautious optimism. Nonetheless, the forecasted improvement in margins and earnings growth would be critical in achieving the price target, inviting investors to evaluate their assumptions against these predictions. Click to explore a detailed breakdown of our findings in MP Materials' financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:MP. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Time of India
5 hours ago
- Sport
- Time of India
Royal Jaipur Under-1800 Classical FIDE Rating Chess: Shivaay Singh shares lead with Prathamesh, Arnav, Sushant
1 2 Jaipur: An eight-year-old Shivaay Singh from Prayagraj, Uttar Pradesh, outwitted Rajasthan's Ashi Upadhyay to take the joint lead on the second day of the Royal Jaipur Under-1800 Classical FIDE Rating Chess tournament being held here on Saturday. After the end of the fifth round, Shivaay is sharing the lead with Prathamesh Dharmadhikari of Maharashtra, Arnav Goyal of Haryana and Sushant Singh of Delhi. All four players have five points each. Arpit Saxena from Rajasthan, Aarav Porwal from Madhya Pradesh, Aritrya Pal from Bengal, Rohit Rajkumar from Gujarat, Agam Surana and Kavyansh Jain from Rajasthan, Aarav Agarwal and Garvit Jain of Uttar Pradesh, Tanya Saboo of Gujarat and Brajesh Kumar Upadhyay of Madhya Pradesh are tied for second place with 4.5 points each. In the fifth-round matches, Prathamesh Dharmadhikari defeated Dhruv Gupta of Delhi, Arnab Goyal trounced Aarav Gupta of UP, while Sushant Tiwari got the better of Mahendra Singh of Rajasthan. Arpit Saxena of Rajasthan held Garvit Jain of UP, while Agam Surana of Rajasthan and UP's Garvit Jain played out a draw. Kavyansh Jain of Rajasthan dismissed Phalansh of Haryana, Aritrya Pal of Bengal beat Aarav Maheshwari of MP, Brajesh Upadhyay outclassed Mukesh Mandloi of Rajasthan, while Aarav Porwal got the better of Rahul Suri of Delhi. Rajasthan's Mahendra Singh, Ojas Maheshwari, Vibhor Chopra, Veer Kumar, Ashi Upadhyay, Yajat Vyas, Vibhor Atal, Hitarth Sharma, Pawan Sain, Amit Bhargav and Shaurya Bhargav have 4 points each after five rounds.
Malay Mail
11 hours ago
- Entertainment
- Malay Mail
‘Like a robot': Syed Saddiq laughs off Kaamatan dance struggle with Bella Astillah (VIDEO)
KUALA LUMPUR, May 31 — Muar MP Syed Saddiq Abdul Rahman had social media in stitches after a video of him dancing with singer-actress Bella Astillah during the Kaamatan Festival made the rounds online. Clad in traditional Sabahan attire, Syed Saddiq gamely attempted local dance steps in a clip shared on social media. But it was his stiff, robotic moves that stole the spotlight — and sparked light-hearted teasing from netizens, including the MP himself. 'Not sure whether to laugh or cry watching the video again. I think I'll just stick to Parliament,' he wrote on platform X. According to him, filming took hours as he struggled to loosen up. 'From afternoon till night. Had to keep reshooting because I was so stiff — like a robot. 'Thankfully, Bella was there. That helped ease the awkwardness,' he said. Syed Saddiq also took the opportunity to send festive greetings: 'This is Malaysia. Happy Kaamatan and Gawai to all.' Sabahans celebrated the Kaamatan Festival on May 30 and 31, while Sarawakians observe Gawai Day on June 1 and 2. Bella later shared on Instagram that the dance was a first for both of them. 'Our first dance collab! Not perfect, but definitely a lot of fun. What a transition – from daylight to night. 'Thank you, Syed Saddiq. I truly appreciate your courage and willingness to try something new. That's what made it special,' she said.
National Post
a day ago
- Business
- National Post
Conservative MP Damien Kurek calls on colleagues to 'fight for Canada' as he steps down for Poilievre
This advertisement has not loaded yet, but your article continues below. Member of Parliament for Battle River—Crowfoot, Damien Kurek, right, with Conservative Leader Pierre Poilievre. OTTAWA — With a wave of his black cowboy hat and a call for all Parliamentarians to 'fight for Canada,' Alberta Conservative MP Damien Kurek made a heartfelt final address in the House of Commons Thursday before stepping aside for leader Pierre Poilievre. THIS CONTENT IS RESERVED FOR SUBSCRIBERS Enjoy the latest local, national and international news. Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events. Unlimited online access to National Post. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles including the New York Times Crossword. Support local journalism. 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Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Flanked by a few dozen of his Conservative colleagues after question period, the MP for Battle River—Crowfoot said that politics had been a 'wild, wild ride' for him and his family as he called on his constituents to support Poilievre in the upcoming byelection. During his 10-minute speech, he called on MPs to fight together for Canada, argued that Alberta deserves a 'fair voice' within the federation, threw the occasional barb at the Liberals and joked that stepping down was a more complicated process than expected. Your guide to the world of Canadian politics. (Subscriber exclusive on Saturdays) By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again 'I didn't know it would be quite so much work to resign,' the hulking Kurek said with his emblematic booming voice, earning laughs from MPs in the chamber. Kurek was first elected in the rural Alberta riding in 2019 and was handily re-elected in April with over 80 per cent of the vote. But when Conservative leader Pierre Poilievre lost his longtime Ottawa riding of Carleton, Kurek announced he would step aside to allow the party head to run in his stead. Kurek said he will resign as soon as House of Commons rules allow it, likely meaning in late June. He's also promised to run again in Battle River—Crowfoot in the next federal election. 'I don't plan to retire from politics, but I am stepping aside to ensure that this byelection is triggered,' he said. The reason why Kurek is the Conservative MP stepping aside for Poilievre appeared to come from NDP MP Gord Johns, who expressed his condolences to Kurek for his father's passing in the last year and wishing him well in taking over the family farm. 'He's going to do well with it, and we wish him well as a farmer, supporting Canadians so we get our food, and the work that he does around his farm,' Johns said. 'I thank the member for the very kind words,' Kurek replied. 'And I think it emphasizes that in this place, we can trade passionate partisan barbs, we can passionately disagree, but that doesn't mean that there's hatred toward each other.' His farewell speech was briefly heckled by Liberal MPs, one of which loudly booed his announcement that he was resigning to allow Poilievre to run and another who loudly lamented the cost of a byelection (estimates vary from $1.7 million to $2 million). This advertisement has not loaded yet. This advertisement has not loaded yet, but your article continues below. The comments pushed Conservative MP Michael Barrett to cross the aisle and apparently scold them before Johns and some Liberal MPs jumped in to lower the temperature. While responding to later well-wishes from the Liberals, NDP, Bloc Québécois and Greens, Kurek acknowledged that he was excited to be back on the family farm — and far from opposing party benches. 'I look forward to being able to spend a little bit more time in a tractor cab. The good thing about being in a tractor cab, Mr. Speaker, is that it doesn't heckle you,' he said. Kurek also repeatedly thanked his wife Danielle, who was watching from the visitors' gallery, for supporting his time in politics and noted that he looked forward to spending more time with his three sons. He then finished with a call to action for all MPs. 'As Danielle and I move on to what is a bit of an unexpected chapter of our lives, I would ask each and every person in this House: fight for Canada, fight for what's right, and do so boldly and strongly, because that's the least we can do for the people that send us here.' 'I plan to be back, God willing, but in the meantime, I look forward to being the best husband, the best dad and the best rural farmer that I can possibly be,' he added. He then stood up, waved his trademark black cowboy hat in the air, and walked out of the House of Commons. Get more deep-dive National Post political coverage and analysis in your inbox with the Political Hack newsletter, where Ottawa bureau chief Stuart Thomson and political analyst Tasha Kheiriddin get at what's really going on behind the scenes on Parliament Hill every Wednesday and Friday, exclusively for subscribers. Sign up here. Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. 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