5 Best Rare Earth Stocks to Buy in 2026

1. MP Materials Corp. (NYSE:MP)

Number of Hedge Fund Holders: 52 

MP Materials Corp. (NYSE:MP) is among the best rare earth stocks on this list.

TheFly reported on June 1 that Needham initiated coverage of MP with a Buy rating and assigned an $81 price target. The firm highlighted MP Materials’ position as one of the few Western companies developing a fully integrated rare earth supply chain. Needham noted that the company’s Mountain Pass operations and early progress in downstream manufacturing provide a competitive advantage compared with newer industry entrants.

Separately, in its first quarter 2026 financial results, which were posted on May 7,  MP Materials Corp. (NYSE:MP) reported revenue of $90.6 million, representing a 49% year-over-year increase driven by stronger sales of NdPr oxide, metal products, and magnetic precursor materials. The company attributed the growth to increased production of separated products and improved market pricing. Adjusted EBITDA rose by $39.3 million year over year to $36.6 million, supported by higher revenue and price protection agreement income. Adjusted net income improved to $6.7 million, while net loss narrowed to $8.0 million compared with the prior-year period. MP Materials also reported improvements in diluted loss per share and adjusted diluted EPS, reflecting continued operational progress.

MP Materials Corp. (NYSE:MP) is a U.S.-based rare earth producer with a fully integrated supply chain focused on securing critical materials for EVs, defense, and advanced technologies.

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