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Molycorp (NYSE:MCP) was downgraded by investment analysts at EuroPacific Canada from a “hold” rating to a “sell” rating in a note issued to investors on Monday. They currently have a $2.00 target price on the stock, down from their previous target price of $3.00. EuroPacific Canada’s price target would suggest a potential downside of 15.25% from the company’s current price.

MCP has been the subject of a number of other recent research reports. Analysts at Eurobank EFG downgraded shares of Molycorp from a “hold” rating to a “sell” rating in a research note on Monday. They now have a $2.00 price target on the stock, down previously from $3.00. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Molycorp in a research note on Monday. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $4.52.

Shares of Molycorp (NYSE:MCP) traded down 1.69% on Monday, hitting $2.32. 8,357,078 shares of the company’s stock traded hands. Molycorp has a one year low of $1.61 and a one year high of $7.78. The stock has a 50-day moving average of $2.23 and a 200-day moving average of $3.82. The company’s market cap is $567.9 million.

Molycorp (NYSE:MCP) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.28) by $0.01. The company had revenue of $116.91 million for the quarter, compared to the consensus estimate of $130.97 million. During the same quarter in the prior year, the company posted ($0.36) earnings per share. The company’s quarterly revenue was down 14.1% on a year-over-year basis. Analysts expect that Molycorp will post $-1.02 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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