Byron Capital upgraded shares of Molycorp (NYSE: MCP) to a strong-buy rating in a report issued on Friday, ARN reports.
Separately, analysts at Goldman Sachs Group Inc. reiterated a neutral rating on shares of Molycorp in a research note to investors on Friday, May 10th. They now have a $6.00 price target on the stock.
One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Hold and an average price target of $9.08.
Molycorp (NYSE: MCP) traded down 2.03% on Friday, hitting $6.75. Molycorp has a 1-year low of $4.70 and a 1-year high of $19.98. The stock’s 50-day moving average is currently $6.02. The company’s market cap is $1.273 billion.
Molycorp, Inc provides Rare Earths and Molybdenum products to companies. The Company’s rare earth products comprise of bastnasite, cerium, europium, lanthanum, neodymium, praseodymium, yttrium, and other lanthanides.
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