Molycorp Sees Unusually Large Options Volume (MCP)
Shares of Molycorp (NYSE:MCP) saw some unusual options trading activity on Friday. Traders bought 7,885 put options on the company, StockRatingsNetwork reports. This is an increase of 114% compared to the typical daily volume of 3,679 put options.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Molycorp (NYSE:MCP) from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, August 12th. They now have a $6.40 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Molycorp (NYSE:MCP) in a research note to investors on Friday, August 9th. They now have a $6.00 price target on the stock. Finally, analysts at Byron Capital upgraded shares of Molycorp (NYSE:MCP) to a “strong-buy” rating in a research note to investors on Friday, July 12th.
One research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Molycorp currently has an average rating of “Hold” and an average price target of $8.44.
Molycorp (NYSE:MCP) traded down 0.15% on Monday, hitting $6.47. The stock had a trading volume of 561,505 shares. Molycorp has a 52 week low of $4.70 and a 52 week high of $14.44. The stock has a 50-day moving average of $6.63 and a 200-day moving average of $6.1. The company’s market cap is $1.220 billion.
Molycorp (NYSE:MCP) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.34) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.23) by $0.11. The company had revenue of $136.90 million for the quarter, compared to the consensus estimate of $157.56 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 30.9% on a year-over-year basis. On average, analysts predict that Molycorp will post $-0.93 earnings per share for the current fiscal year.
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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