Market Overview

UPDATE: Dahlman Rose Downgrades Molycorp to Hold on Capital Requirements

Related MCP
How Yahoo! Inc. Was Pounded In Wake Of Alibaba Group Holding Ltd Fever
China Rare Earth Exports Rise 31% in August -WantChinaTImes

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

Dahlman Rose commented, "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."

Molycorp closed at $7.97 on Tuesday.

Latest Ratings for MCP

DateFirmActionFromTo
Aug 2014Euro PacificDowngradesHoldSell
Aug 2014Euro PacificUpgradesSellHold
May 2014Morgan StanleyDowngradesUnderweight

View More Analyst Ratings for MCP
View the Latest Analyst Ratings

Posted-In: Dahlman RoseAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (MCP)

Around the Web, We're Loving...

Get Benzinga's Newsletters