molycorp

Piper Jaffray has published its research report today on Molycorp (NYSE: MCP) following 3Q results that fell short of expectations. MCP had 3Q10 revenues of $8 million compared to Piper Jaffray's $18 million estimate. Gross margins were higher at %9.4 versus the Piper Jaffray estimate of 2%. Piper...

Molycorp, Inc. (NYSE: MCP) is being initiated with an Overweight rating by JP Morgan with a $26.50 price target as it witnesses China's rationing of supplies and raising of rare earth prices has created a supply demand. Molycorp is expected to be fully operational in late 2012 and be able to...