Molycorp (MCP) Surges on Surpise Beat, But Rare Earth Prices Remain in Focus
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Molycorp (MCP) Demand Improves but Co. Not Out of Woods on Pricing
May 10, 2013 9:26 AM EDTGoldman Sachs today maintained a Neutral rating on Molycorp (NYSE: MCP) with a price target of $6.00. Molycorp reported Q1 results yesterday. Commenting, analyst Brian Lee noted that rare earth demand was normalizing, but pricing and execution were still a challenge.
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Molycorp (MCP) Misses Q1 EPS by 6c
May 9, 2013 4:17 PM EDTMolycorp (NYSE: MCP) reported Q1 EPS of ($0.33), $0.06 worse than the analyst estimate of ($0.27). Revenue for the quarter came in at $146.4 million versus the consensus estimate of $137.52 million.
The Company reported negative cash flows from operating activities of $36.6 million during the quarter, and... More
