Sifting through countless of stocks in the Metals & Mining industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in MP Materials Corp. or Ivanhoe Electric Inc. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how MP Materials Corp. and Ivanhoe Electric Inc. compare based on key financial metrics to determine which better meets your investment needs.

About MP Materials Corp. and Ivanhoe Electric Inc.

MP Materials Corp., together with its subsidiaries, produces rare earth materials in the Western Hemisphere. It operates in two segments, Materials and Magnetics. The Materials segment owns and operates the Mountain Pass Rare Earth Mine and Processing facility located near Mountain Pass, San Bernardino County, California. The Magnetics segment produces magnetic precursor products, including NdPr metal; and manufactures NdFeB permanent magnets. MP Materials Corp. was founded in 2017 and is headquartered in Las Vegas, Nevada.

Ivanhoe Electric Inc., engages in exploration and development of minerals in the United States, Canada, and China. It primarily explores copper, gold, silver, nickel, cobalt, and platinum group elements deposits. The company’s flagship projects are the Santa Cruz Project, a copper exploration project that comprises 6,425 acres on private land and associated water rights located in Arizona; and the Tintic Project, which covers an area of approximately 79.23 square kilometers of private patented claims, unpatented claims, and state leases situated in Utah. Ivanhoe Electric Inc. was incorporated in 2020 and is headquartered in Tempe, Arizona.

Latest Metals & Mining and MP Materials Corp., Ivanhoe Electric Inc. Stock News

As of April 23, 2026, MP Materials Corp. had a $11.2 billion market capitalization, compared to the Metals & Mining median of $2.0 million. MP Materials Corp.’s stock is up 21.2% in 2026, up 0.4% in the previous five trading days and up 177.11% in the past year.

Currently, MP Materials Corp. does not have a price-earnings ratio. MP Materials Corp.’s trailing 12-month revenue is $275.5 million with a -31.2% net profit margin. Year-over-year quarterly sales growth most recently was 70.0%. Analysts expect adjusted earnings to reach $0.299 per share for the current fiscal year. MP Materials Corp. does not currently pay a dividend.

As of April 23, 2026, Ivanhoe Electric Inc. had a $2.1 billion market cap, putting it in the 55th percentile of all stocks. Ivanhoe Electric Inc.’s stock is down 14.5% in 2026, down 11.3% in the previous five trading days and up 120.46% in the past year.

Currently, Ivanhoe Electric Inc. does not have a price-earnings ratio. Ivanhoe Electric Inc.’s trailing 12-month revenue is $3.2 million with a % net profit margin. Year-over-year quarterly sales growth most recently was -30.8%. Analysts expect adjusted earnings to reach $-0.554 per share for the current fiscal year. Ivanhoe Electric Inc. does not currently pay a dividend.

How We Compare MP Materials Corp. and Ivanhoe Electric Inc. Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at MP Materials Corp. and Ivanhoe Electric Inc.’s stock grades to see how they measure up against one another.

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MP Materials Corp. and Ivanhoe Electric Inc. Stock Value Grades

Company	Ticker	Value
MP Materials Corp.	MP	F
Ivanhoe Electric Inc.	IE	F

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

MP Materials Corp. has a Value Score of 5, which is Ultra Expensive. Ivanhoe Electric Inc. has a Value Score of 3, which is Ultra Expensive.

The Value Stock Winner: No Clear Winner

Neither MP Materials Corp. or Ivanhoe Electric Inc. has a high enough value grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolio. It’s important to look at a wide range of financial metrics in order to determine if MP Materials Corp. or Ivanhoe Electric Inc. is the better investment when it comes to value.

MP Materials Corp. and Ivanhoe Electric Inc. Growth Grades

Company	Ticker	Growth
MP Materials Corp.	MP	D
Ivanhoe Electric Inc.	IE	F

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

MP Materials Corp. has a Growth Score of 39, which is Weak. Ivanhoe Electric Inc. has a Growth Score of 7, which is Very Weak.

The Growth Stock Winner: No Clear Winner

Neither MP Materials Corp. or Ivanhoe Electric Inc. has a high enough Growth Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if MP Materials Corp. or Ivanhoe Electric Inc. is the better investment when it comes to sustainable growth.

MP Materials Corp. and Ivanhoe Electric Inc.’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
MP Materials Corp.	MP	C
Ivanhoe Electric Inc.	IE	C

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

MP Materials Corp. has a Earnings Estimate Score of 54, which is Neutral. Ivanhoe Electric Inc. has a Earnings Estimate Score of 57, which is Neutral.

The Earnings Estimate Revisions Stock Winner: No Clear Winner

Neither MP Materials Corp. or Ivanhoe Electric Inc. has an Earnings Estimate Revisions Grade that could be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if MP Materials Corp. or Ivanhoe Electric Inc. is the better investment when it comes to estimate revisions.

Other MP Materials Corp. and Ivanhoe Electric Inc. Grades

In addition to Estimate Revisions, Growth and Value, A+ Investor also provides grades for Momentum and Quality.

Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether MP Materials Corp. and Ivanhoe Electric Inc. pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, MP Materials Corp. or Ivanhoe Electric Inc. Stock?

Overall, MP Materials Corp. stock has a Value Score of 5, Growth Score of 39 and Estimate Revisions Score of 54.

Ivanhoe Electric Inc. stock has a Value Score of 3, Growth Score of 7 and Estimate Revisions Score of 57.

Comparing MP Materials Corp. and Ivanhoe Electric Inc.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.