5 Best Bargain Stocks to Buy in August

1. MP Materials Corp. (NYSE:MP)

Number of Hedge Fund Holders: 35

Upside Potential as of August 1: 36.49%

Average Price Target: $30

MP Materials Corp. (NYSE:MP) was seen in the portfolios of 35 hedge funds in the first quarter. Their total stake value in the company was $1.4 billion.

MP Materials Corp. (NYSE:MP) is a diversified metals and mining company. It is based in Las Vegas, Nevada.

A Buy rating and a $39 price target were maintained on MP Materials Corp. (NYSE:MP) shares by Matt Summerville at DA Davidson on July 11.

Bernzott Capital Advisors said this about MP Materials Corp. (NYSE:MP) in its fourth-quarter 2022 investor letter:

“MP Materials Corp. (NYSE:MP): Despite another quarter in which this rare earth materials company beat quarterly top and bottom-line expectations, the stock underperformed. Negative headlines surrounding near term electric vehicle demand and fears surrounding Covid-19 and China likely led to the underperformance. With a fortress balance sheet, an irreplaceable asset base and strong FCF generation, we believe this company can navigate these short-term headwinds and continue its focus on becoming the only supplier of magnets in the United States.”

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