Market Overview

Dahlman Rose Reiterates Buy Rating, $12.52 PT on Molycorp

Related MCP
Time To Get Into Refiners, BoA Says
Short-Sellers Are Betting Against These Stocks

In a report published Wednesday, Dahlman Rose & Co. reiterated its Buy rating and $12.52 price target on Molycorp (NYSE: MCP).

Dahlman Rose noted, “The company continues to expect Project Phoenix to achieve Phase 1 run-rate by the end of this month, and believes that the 2-stage expansions at Mountain Pass remain on track. Mr. Karayannopoulos joins the former CFO of Neo, offering an experienced executive team to complete the expansions and manage the supply chain. As Lynas Corporation continues to face operational headwinds in Malaysia, we believe Molycorp will benefit, as it is the only other producer of rare earth concentrate and REOs outside of China.”

Molycorp closed on Tuesday at $11.33.

Latest Ratings for MCP

Jan 2015DA DavidsonDowngradesBuyNeutral
Aug 2014Euro Pacific CapitalDowngradesHoldSell
Aug 2014Euro Pacific CapitalUpgradesSellHold

View More Analyst Ratings for MCP
View the Latest Analyst Ratings

Posted-In: Dahlman Rose & Co.Analyst Color Reiteration Analyst Ratings


Related Articles (MCP)

View Comments and Join the Discussion!