Favorable News Coverage Extremely Likely to Affect Molycorp (MCP) Stock Price
Media coverage about Molycorp (NYSE:MCP) has trended positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Molycorp earned a news sentiment score of 0.36 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the near term.
Shares of Molycorp (NYSE MCP) traded up 0% during trading on Tuesday, hitting $0. Molycorp has a 1-year high of $3.00.
Separately, Ladenburg Thalmann Financial Services initiated coverage on Molycorp in a research note on Friday, June 2nd. They issued a “buy” rating and a $32.00 target price on the stock.
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Molycorp Company Profile
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.
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