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Molycorp, Inc. Message Board

  • pa_tch1951 pa_tch1951 Feb 1, 2013 1:12 PM Flag

    Molycorp Price Target Raised to $72.00 at Deutsche Bank (MCP)

    News article out today.

    Molycorp Price Target Raised to $72.00 at Deutsche Bank (MCP)
    Source: ABMN Staff | Publish date: Thu, 31 Jan 14:04 | Read article in News website

    MCPEquities researchers at Deutsche Bank upped their target price on shares of Molycorp (NYSE: MCP) from $60.00 to $72.00 in a report issued on Thursday. The firm currently has a “hold” rating on the stock.

    Molycorp traded up 0.14% on Thursday, hitting $7.37. Molycorp has a 1-year low of $5.75 and a 1-year high of $35.79. The stock’s 50-day moving average is currently $9.33. The company’s market cap is $1.017 billion.

    Molycorp last announced its earnings results on Thursday, November 8th. The company reported ($0.05) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.13) by $0.08. The company had revenue of $205.60 million for the quarter, compared to the consensus estimate of $247.60 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 48.9% on a year-over-year basis. On average, analysts predict that Molycorp will post $-0.21 earnings per share for the current fiscal year.

    MCP has been the subject of a number of other recent research reports. Analysts at Byron Capital upgraded shares of Molycorp from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $15.00 price target on the stock. Separately, analysts at Dahlman Rose downgraded shares of Molycorp from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, January 23rd. They now have a $8.13 price target on the stock. Finally, analysts at JPMorgan Chase cut their price target on shares of Molycorp from $8.00 to $5.00 in a research note to investors on Thursday, January 10th. They now have an “underweight” rating on the stock.

    Two investment analysts have rated the stock with a buy rating, six have assigned a hold rating, and one has assigned a sell rating to the company’s stock. The company presently has a consensus rating of “hold” and a consensus price target of $9.75.

    Molycorp, Inc. is a rare earth oxide (REO) producer in the Western hemisphere and own most fully developed rare earth project outside of China

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