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Molycorp, Inc. (MCPIQ)

- OTCPK - Current
  • May 21, 2013, 8:05 AM
    Molycorp (MCP) +5.4% premarket on a report that China exported 2,196 metric tons of rare earth in April, a 28% rise from March, and 6,112 tons in the first four months of this year, double the year-ago volume. The data indicates bargain hunting may be reviving global demand for rare earth metals.
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  • May 10, 2013, 2:31 PM
    Molycorp (MCP +35.5%) shares are at the day's high after better-than-expected Q1 results, but at least some analysts remain cautious. Stifel Nicolaus cuts its 2013 earnings forecast on an assumed sales volume decline in part of MCP's business and more conservative pricing. Goldman Sachs shares concerns about pricing until the integration of its chlor-alkali plant later this year.
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  • May 10, 2013, 12:52 PM
    Midday top 10 gainers: UNIS +58%. DRAM +57%. VRML +26%. SREV +22%. MCP +20%. UBNT +18%. RH +18%. WCRX +17%. CSIQ +16%. SQNM +16%.
    Midday top 10 losers: PTIE -48%. DRRX -41%. IFMI -34%. AFFY -26%. SRT -23%. LPDX -22%. OPTR -17%. REFR -16%. PANL -16%. TRMD -15%.
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  • May 10, 2013, 10:23 AM
    A new processing facility at Molycorp's (MCP +20.5%) Mountain Pass mine should reach full production by mid-year, but a chlor-alkali plant at the mine that would allow for cost cuts by recycling some chemicals is not due to start operating until later in the year, MCP says in last night's conference call. MCP will be unable to sufficiently cut costs until the plant is online, so it may cut production at the processing plant.
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  • May 10, 2013, 9:10 AM
    Premarket gainers: PGNX +26%. UNIS +21%. UBNT +19%. SQNM +11%. MCP +11%. XIN +7%. NBG +6%. NTE +5%. MT +5%.
    Losers: PTIE -48%. IFMI -36%. AFFY -18%. SNTS -7%. OPTR -7%. DDD -6%. MDRX -6%. LFVN -5%.
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  • May 9, 2013, 5:54 PM
    After-hours top gainers, as of 5:30 p.m.: UBNT +10%. UNIS +10%. MCP +7%. WIFI +7%. DAR +6%.
    After-hours top losers: ONTY -10%. AL -8%. AIRM -7%. SNTS -6%. TSEM -6%.
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  • May 9, 2013, 4:48 PM
    More on Molycorp's (MCPQ1 results: Says production ramp-up at Mountain Pass remains on course, and increasing production is allowing production for end-use customers and providing greater feedstock to downstream, value-added processing facilities. Sees signs of a return to more normal demand levels as the year progresses. Continues to expect H1 results weaker than H2 2012. Shares +8.9% AH.
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  • Apr. 2, 2013, 11:42 AM
    A day after shares sank to an all-time low, DA Davidson initiates coverage of Molycorp (MCP +2.9%) with a Buy rating and $7 price target. The firm thinks implementation of some unique recycling technologies, the use of lower energy cost processes, and the resource advantage from Mountain Pass should help MCP become the low-cost supplier in the rare-earth industry.
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  • Mar. 15, 2013, 11:58 AM
    Molycorp (MCP +4%) is maintained at Neutral by Goldman Sachs after reporting Q4 results, as the firm notes positives at MCP despite supply and demand challenges in rare earths this year. MCP's targeted cash production costs of $6-$7/kg is a sign of operational confidence in the near-to-medium term cost roadmap despite recent liquidity and management related turmoil, Goldman says.
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  • Mar. 14, 2013, 4:35 PM
    More on Molycorp's (MCP) Q4 results: Revenues rose 1.1% Y/Y to $134M vs. $161M analyst consensus. Sees H1 financial performance slightly weaker than H2 2012, but expects global supply and demand for rare earth oxides will approach a healthier balance during 2013, and pricing within many key applications of rare earths will be beneficial to both customers and suppliers. MCP +1.8% AH.
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  • Mar. 14, 2013, 4:18 PM
    Molycorp (MCP): Q4 EPS of -$0.45 misses by $0.15. Shares +1.8% AH. (PR)
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  • Feb. 28, 2013, 9:10 AM
    Premarket gainers: MNOV +11%. BDBD +10%. RTK +8%. ZGNX +7%. NEO +7%. NBG +6%.
    Losers: GRPN -29%. BSFT -23%. JCP -16%. PKT -15%. MTG -14%. MCP -8%. CWH -7%
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  • Feb. 28, 2013, 7:20 AM
    Molycorp (MCPsheds 6.6% premarket after announcing about a 2-week delay in the filing of its 10-K and its Q4 earnings call. The delay is necessary to determine the amount of a non-cash goodwill charge, which the company "estimates will be substantial." (PR)
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  • Feb. 7, 2013, 11:35 AM
    Molycorp (MCP +1.9%) moves higher after noted bear Michael Gambardella of J.P. Morgan raises his rating from Underweight to Neutral following MCP's recent capital raise. But it's not exactly a bullish note: "While risks remain in the form of even lower rare earth prices and completing Mt. Pass on-time and on-budget and significantly reducing its operating costs... the greatest risk... has now passed."
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  • Jan. 25, 2013, 5:56 PM
    After-hours top gainers, as of 5:15 p.m.: KRO +5%. AUMN +5%. LRN +3%. PHH +3%. RIG +2%.
    After-hours top losers: TEX -7%. MCP -6%. OSK -6%. LVNTA -5%. SIVB -4%.
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  • Jan. 23, 2013, 3:59 PM
    Molycorp's (MCP -11%) ugly day nears a merciful end, capped by a Dahlman Rose downgrade based on the unanticipated additional scaling up of capital requirements, also noting an additional $130M in capex for 2013. Assuming the proposed $300M capital raise is finalized, 25M new shares are issued and the revised capex, the firm sees a negative ~$1.00/share impact to NAV.
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Company Description
Molycorp Inc manufactures custom engineered rare earth and rare metal products. The Company's reportable segments include resources chemicals and oxides magnetic materials and alloys and rare metals.