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Goldman Sachs Comments on Molycorp (MCP) Q3 Results

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Baird Slashes Price Target on Molycorp (MCP) to $4

November 8, 2013 1:33 PM EST

Baird analyst Ben Kallo slashed his price target on Molycorp (NYSE: MCP) from $8 to $4 following Q3 results, saying numerous headwinds continue.

"Although MCPs cash position is much stronger after its recent raise and the company has made progress in ramping Mountain Pass,... More

Molycorp (MCP) Posts Q3 Loss of 7c/Share

November 7, 2013 4:03 PM EST

Molycorp (NYSE: MCP) reported Q3 EPS of ($0.27), $0.02 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $149.1 million versus the consensus estimate of $162.59 million.

During the third quarter, the Company sold 3,620 mt of product at an ASP of $41.18 per... More