8 Best American Mining Stocks to Buy Right Now

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6. MP Materials Corp. (NYSE:MP)

On May 12, 2026, Deutsche Bank raised the firm’s price target on MP Materials Corp. (NYSE:MP) to $70 from $65 while maintaining a Buy rating on the shares following the company’s Q1 results.

Wedbush analyst Sam Brandeis also raised the firm’s price target on MP Materials Corp. (NYSE:MP) to $100 from $90 and maintained an Outperform rating. The firm said the company delivered strong Q1 results, highlighted by record NdPr oxide production and record NdPr sales volumes as MP continued scaling its vertically integrated mine-to-magnet platform. Wedbush added that it has increased confidence in the company’s growth trajectory through 2026 and beyond as commercial magnet deliveries ramp and NdPr oxide production continues scaling toward year-end targets.

Similarly, Canaccord analyst George Gianarikas raised the firm’s price target on MP Materials Corp. (NYSE:MP) to $82 from $79 and maintained a Buy rating on the shares. The firm said the target increase reflects model adjustments and continued operational progress toward scaling production.

On May 7, 2026, MP Materials Corp. (NYSE:MP) reported Q1 EPS of 3c, versus the consensus estimate of a loss of (4c). Revenue totaled $90.65M, versus the consensus estimate of $72.14M. Founder, Chairman, and CEO James Litinsky said the company delivered record NdPr production and sales alongside solid adjusted EBITDA generation during the quarter. Litinsky added that MP advanced several key growth initiatives, including expanding operations at Independence and breaking ground on the 10X facility, while commissioning activities for scaled heavy rare earth separation at Mountain Pass are expected to begin shortly. The company said these milestones reflect continued momentum behind its vertically integrated strategy.

MP Materials Corp. (NYSE:MP) produces rare earth materials in the Western Hemisphere.

While we acknowledge the potential of MP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MP and that has 100x upside potential, check out our report about the cheapest AI stock.

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