Positive Press Coverage Likely to Affect Molycorp (MCP) Stock Price
News headlines about Molycorp (NYSE:MCP) have been trending positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Molycorp earned a coverage optimism score of 0.31 on Accern’s scale. Accern also gave press coverage about the company an impact score of 66 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the immediate future.
Shares of Molycorp (MCP) opened at 0 on Monday. Molycorp has a one year high of $3.00.
Separately, Ladenburg Thalmann Financial Services assumed coverage on shares of Molycorp in a report on Friday, June 2nd. They issued a “buy” rating and a $32.00 target price on the stock.
Molycorp, Inc is a rare earths producer. The Company operates in four business segments: Resources, Chemicals and Oxides, Magnetic Materials and Alloys and Rare Metals. The Resources segment includes its operations at the Mountain Pass facility. The Chemicals and Oxides segment includes the production of rare earths at Molycorp Silmet; production of separated heavy rare earth oxides and other engineered materials from its Molycorp Jiangyin facility, and production of rare earths, salts of rare earth elements (REEs), zirconium-based engineered materials and mixed rare earth/zirconium oxides from its Molycorp Zibo facility.
Receive News & Ratings for Molycorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molycorp Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.