10 Best Mining Stocks to Buy According to Hedge Funds

3. MP Materials Corp. (NYSE:MP)

Number of Hedge Fund Holders: 40

MP Materials Corp. (NYSE:MP) is one of the Best Mining Stocks to Buy According to Hedge Funds. On September 2, Morgan Stanley analyst Carlos De Alba maintained a “Hold” rating on the company’s stock and set a price objective of $65.00. The analyst’s rating is backed by a combination of factors demonstrating both opportunities and risks. As per the analyst, MP Materials Corp. (NYSE:MP) has been developing a fully domestic supply chain for rare earth materials, which happens to be a strategic advantage, mainly with its partnership with the Department of Defense.

The analyst believes that this collaboration has reduced some of the risks, and MP Materials Corp. (NYSE:MP) remains on track to begin commercial production of critical components by 2025 end. However, despite the positive developments, there are worries about project execution, which is a significant risk, highlighted the analyst. MP Materials Corp. (NYSE:MP) believes that its partnerships with the Department of Defense and Apple are expected to fuel significant long-term profitability and place the company as a platform for sustained growth amidst the emerging era of physical AI.

MP Materials Corp. (NYSE:MP) is America’s only fully integrated rare earth producer whose capabilities span the entire supply chain, i.e., from mining and processing to advanced metallization and magnet manufacturing.