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Equities researchers at Goldman Sachs decreased their price objective on shares of Molycorp (NYSE:MCP) to $4.00 in a research report issued on Thursday, Stock Ratings Network.com reports. Goldman Sachs’ target price would suggest a potential upside of 37.46% from the stock’s previous close.

Separately, analysts at JPMorgan Chase & Co. downgraded shares of Molycorp from a “neutral” rating to an “underweight” rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Molycorp currently has a consensus rating of “Hold” and an average price target of $6.60.

Molycorp (NYSE:MCP) traded down 4.98% on Thursday, hitting $2.765. The stock had a trading volume of 4,265,093 shares. Molycorp has a 52 week low of $2.90 and a 52 week high of $8.06. The stock’s 50-day moving average is $4.53 and its 200-day moving average is $4.9. The company’s market cap is $676.6 million.

Molycorp (NYSE:MCP) last released its earnings data on Wednesday, May 7th. The company reported ($0.29) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.21) by $0.08. The company had revenue of $118.50 million for the quarter, compared to the consensus estimate of $144.48 million. During the same quarter last year, the company posted ($0.15) earnings per share. Molycorp’s revenue was down 18.5% compared to the same quarter last year. Analysts expect that Molycorp will post $-0.79 EPS 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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