Seeking Alpha

With many rare-earth stocks (REMX) near 52-week lows, now may be the time to dig in to sector...

With many rare-earth stocks (REMX) near 52-week lows, now may be the time to dig in to sector bargains, Jacob Securities' Luisa Moreno says. Prices for rare-earth elements "are approaching levels which are economic again," so she sees demand starting to pick up and prices stabilizing in H2. It may take time to affect stocks, but she likes MCP, TAS, MTCEF.PK, LYSCF.PK.
Comments (4)
  • Unfortunately, being at the 52-wk low really only puts them close to selling at reasonable levels again. MCP is probably close to fairly valued at $19 (and that's if you expect a reasonable amount of growth). The insane multiples these things were selling at over a year ago are a thing of the past.
    14 Jun 2012, 03:27 PM Reply Like
  • MCP will see $30 a share in the next twelve months. The stock is a buy here at 20 for sure.
    14 Jun 2012, 04:56 PM Reply Like
  • LYSCF looks cheaper than MCP (and has better production at present)
    14 Jun 2012, 07:01 PM Reply Like
  • LYSCF in additition to the other good fundamentals should benefit from a positive decision out of Malaysia. Amazingly the stock price hasn't reacted yet.
    15 Jun 2012, 11:51 AM Reply Like
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