Molycorp Target of Unusually Large Options Trading (MCP)
Shares of Molycorp (NYSE:MCP) saw unusually large options trading on Thursday. Stock investors bought 10,030 call options on the stock, Analyst Ratings Network.com reports. This is an increase of approximately 103% compared to the typical volume of 4,951 call options.
A number of analysts have recently weighed in on MCP shares. Analysts at EuroPacific Canada downgraded shares of Molycorp from a “hold” rating to a “sell” rating in a research note on Monday, August 11th. They now have a $2.00 price target on the stock, down previously from $3.00. Separately, analysts at Eurobank EFG downgraded shares of Molycorp from a “hold” rating to a “sell” rating in a research note on Monday, August 11th. They now have a $2.00 price target on the stock, down previously from $3.00. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Molycorp in a research note on Monday, August 11th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $4.52.
Molycorp (NYSE:MCP) traded down 1.15% during mid-day trading on Thursday, hitting $1.72. 2,032,208 shares of the company’s stock traded hands. Molycorp has a 1-year low of $1.61 and a 1-year high of $7.78. The stock has a 50-day moving average of $2.0 and a 200-day moving average of $3.42. The company’s market cap is $421.0 million.
Molycorp (NYSE:MCP) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($0.36) earnings per share. The company’s revenue for the quarter was down 14.1% on a year-over-year basis. Analysts expect that Molycorp will post $-1.06 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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