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Molycorp Drops After CEO Resigns
Wednesday, December 12, 2012 - 2:40pm | 278Read More...Rare earth mining company Molycorp (NYSE: MCP) announced Tuesday that its Board of Directors had replaced the company's President and CEO, Mark Smith. Constantine Karayannopoulos, a professional engineer, will temporarily replace Smith as President and CEO while the Board searches for a permanent...
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Shares of Molycorp Squeezed Higher
Monday, December 10, 2012 - 4:01pm | 265Read More...Shares of Molycorp (NYSE: MCP), a leading rare earths and rare metals company, soared on Monday amid positive speculation about the company's future mining operations. The company produces magnetic materials and custom engineered products from the rare earth metals gallium, indium, rhenium,...
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Piper Jaffray Upgrades Molycorp To Overweight
Monday, June 20, 2011 - 7:55am | 118Read More...According to Piper Jaffray, Molycorp (NYSE: MCP) is upgraded to Overweight. Piper Jaffray said that it is upgrading shares of rare earth miner & processor Molycorp to Overweight from Neutral following the stock's ~40% correction since early May. “We believe the pullback overly discounts the...
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Dahlman Rose & Co. Reiterates Rating, PT On MCP
Thursday, May 26, 2011 - 8:57am | 87Read More...Dahlman Rose & Co. is reiterating its Buy rating and its $125 price target on Molycorp Inc. (NYSE: MCP) in light of the company's recent registration of shares. Says Dahlman Rose, in its report, “Molycorp insiders registered 11.5 million shares, inclusive of the greenshoe, to sell in a...
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Gabelli & Company Reports on Molycorp (MCP)
Wednesday, May 11, 2011 - 9:21am | 149Read More...Gabelli & Company commented on Molycorp (NYSE: MCP) in a report released earlier today. In the report, Gabelli was mixed on its assessment of the company. Gabelli writes, “Company reiterated that it is on schedule and within budget on its Project Phoenix planned expansion and modernization...
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Piper Jaffray Maintains Neutral Rating On Molycorp
Tuesday, April 5, 2011 - 7:30am | 117Read More...According to Piper Jaffray, Molycorp's (NYSE: MCP) Neutral rating is maintained. Piper Jaffray reported that it maintains its Neutral rating on shares of MCP following the company's announcement of an acquisition of AS Silmet's mine and processing facilities in Estonia. “The acquisition – paid for...
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China Cutting Rare Earth Exports By 11%
Tuesday, December 28, 2010 - 9:10am | 212Read More...In its first round of permits for the new year, China has cut rare earth export quotas by 11%. Bloomberg reports that this could worsen a global shortage of minerals that are needed for a wide range of items, including smartphones, hybrid cars and guided missiles. The Ministry of Commerce says that...
