Jim Cramer on MP Materials: “I Think There’s Even More Upside”

MP Materials Corp. (NYSE:MP) is one of the stocks that Jim Cramer weighed in on. A caller asked what Cramer thinks of the stock’s long-term prospects, and he remarked:

“But they’ve got tons of EBITDA. No, look, I mean, the stock has moved to 61. Now, I have done more work on it, and I really think that I was a little, you know, I wasn’t negative, but I think there’s even more upside, and I think you’re onto something really big.”

mining-rare-earth-minerals-mp-materials-piqsels.com-id-surqc.jpg

MP Materials (NYSE:MP) specializes in producing rare earth materials and magnetic products, with operations that include mining and processing at its Mountain Pass facility and manufacturing magnetic precursors. In a July episode, Cramer said that he has “always liked MP,” and remarked:

“Okay, I’ve always liked MP. It’s just very recently [that] people realized that it’s got great rare earth potential. Litinsky’s done a good job. It keeps losing money, that’s unacceptable, but you can own the stock.”

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.