TLDR
- MP Materials received a Buy rating and $80 price target from Needham analyst Carter Goman, sending shares up 7.1% on Monday.
- Upstart Rare Earths Americas was also initiated with a Buy rating and $25 price target by Cannacord analyst George Gianarikas after completing its IPO in May.
- MP Materials, USA Rare Earth, and Rare Earths Americas all have perfect Buy-rating ratios from covering analysts — a status held by roughly 1-2% of large-cap stocks.
- MP Materials reported 35.1% revenue growth in FY2025 to $275.5 million, while USA Rare Earth recorded just $1.6 million in revenue during the same period as it builds toward production.
- China controls an estimated 85% of global rare earth processing capacity, driving U.S. government and investor interest in domestic alternatives.
Two U.S. rare earth stocks picked up fresh Buy ratings this week, as Wall Street continues to back companies working to reduce American dependence on Chinese mineral supplies.
On Monday, Needham analyst Carter Goman launched coverage of MP Materials with a Buy rating and an $80 price target. The same day, Cannacord analyst George Gianarikas initiated coverage of Rare Earths Americas with a Buy rating and a $25 price target.
MP Materials shares jumped 7.1% on the day, closing at $69.29. Rare Earths Americas fell 1.4% to $21.55.
Why Rare Earth Stocks Are Getting Attention
China controls roughly 85% of global rare earth processing capacity. These materials are used in products ranging from iPhones to fighter jets, and the U.S. government has made reducing that reliance a priority.
MP Materials is the largest rare earth miner in the Western Hemisphere. It operates the Mountain Pass mine in California and has a deal with the U.S. Department of Defense that includes price floors for key materials and a guaranteed customer for its magnet-making capacity.
The company recently stopped selling concentrate to Chinese distributors. It now counts Apple, General Motors, and the Defense Department among its clients.
In FY2025, MP Materials reported revenue of $275.5 million, up 35.1% from the prior year. The company still posted a net loss of $85.9 million as it continues to build out production. Free cash flow was negative $328.1 million due to ongoing capital spending.
Rare Earths Americas is a newer, development-stage company with mining projects in Georgia and Brazil. It focuses on heavier rare earth elements and completed its IPO in May 2026.
USA Rare Earth Takes a Different Path
USA Rare Earth is building a complete domestic supply chain from its Round Top project in Texas, aiming to deliver metals and magnets directly to industrial customers.
In FY2025, the company brought in just $1.6 million in revenue, while recording a net loss of $297.6 million. That loss reflects the cost of building out a mine-to-magnet operation before commercial production begins.
The company carries no debt relative to its equity, and has a current ratio of 10.2x, meaning it has strong short-term liquidity. Free cash flow was negative $86.3 million.
All nine analysts covering USA Rare Earth rate the stock a Buy. All 19 analysts covering MP Materials also rate it a Buy.
All three covering Rare Earths Americas give it a Buy as well. That kind of unanimous analyst backing applies to only about 1-2% of large-cap U.S. stocks.
What Perfect Ratings Actually Mean
A clean Buy sweep does not guarantee gains. Among Russell 1000 stocks with perfect ratings, the average 12-month return has been about 27% — nearly matching the index itself. Still, 65% of those stocks were up over the period, compared to around 60% for the index overall.
Other stocks currently holding perfect Buy ratings include CBRE Group, Rubrik, Trimble, Loar Holdings, and Viper Energy.
MP Materials carries a debt-to-equity ratio of 0.4x and a current ratio of 7.2x. USA Rare Earth has no debt and a current ratio of 10.2x, though it faces the challenge of reaching commercial production without committed customers yet in place.
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