MP Materials is a producer of rare earth materials in the Western Hemisphere. Co. owns and operates the Mountain Pass Rare Earth Mine and Processing Facility. Separated rare earth elements (REE) are inputs for magnets that enable the mobility of electric vehicles, drones, defense systems, wind turbines, robotics and other technologies. Co. produces a rare earth concentrate that it sells pursuant to the amended and restated offtake agreement with Shenghe Resources (Singapore) International Trading Pte. Ltd., that, in turn, sells that product to refiners in China. These refiners separate the constituent REE contained in Co.'s concentrate and sell the separated products to their customers. We show 13 historical shares outstanding datapoints in our MP shares outstanding history coverage, used to compute MP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MP market cap history over the course of time is important for investors
interested in comparing MP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of MP versus a peer is one thing; comparing
MP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like MP can fluctuate over the course of history.
With this page we aim to empower investors researching MP by allowing them to research the MP market cap history. |
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Video: The Importance of Market Cap
