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Molycorp Inc MCPIQ

"Neo Performance Materials is a supplier of advanced materials used in a wide range of technology applications across many sectors. Its products include Neo Chemicals and Oxides, Neo Magnequench (magnetic materials and alloys), and Neo Rare Metals."


OTCPK:MCPIQ - Post by User

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Post by davgroon Jan 23, 2013 3:29pm
403 Views
Post# 20879658

Dahlman Rose Downgrades Molycorp to Hold

Dahlman Rose Downgrades Molycorp to Hold

Dahlman Rose Downgrades Molycorp (MCP) to HoldJan 23, 2013 12:15PM

Dahlman Rose downgraded Molycorp (NYSE: MCP) from Buy to Hold.

The firm comments, "In the company's 8-K, filed alongside its proposed $300MM capital raise announcement, management alluded to an additional $130MM in capex for 2013. We are downgrading Molycorp to Hold from Buy, based on unanticipated additional scaling up of capital requirements."

For an analyst ratings summary and ratings history on Molycorp click here. For more ratings news on Molycorp click here.

Shares of Molycorp closed at $8.83 yesterday, with a 52 week range of $5.75-$35.79.

https://www.streetinsider.com/Downgrades

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