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This Rare Earths Stock Just Crushed Its Earnings Report -- So Why Is No One Buying?

TheMotleyFool

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This Rare Earths Stock Just Crushed Its Earnings Report -- So Why Is No One Buying?: https://g.foolcdn.com/editorial/images/731266/neodymium-magnets.jpg

Heading into Q1 earnings, things were not looking good for rare earths mining company MP Materials (NYSE: MP). (Things ended up not being all that great, either -- but more on that in a moment.)

Prices for praseodymium and neodymium were tumbling, and MP's earnings from selling these metals, invaluable for the production of rare earth magnets, were expected to fall as well. Analysts forecast a decline of nearly 50% in revenue (to $88.5 million) and worried profits might fall as much as 63% (to $0.18 per share).

But then a miracle happened.

Source Fool.com

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