Molycorp Inc. (MCP): Today's Featured Metals & Mining Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Molycorp ( MCP) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 0.4%. By the end of trading, Molycorp rose $0.15 (2.5%) to $6.07 on light volume. Throughout the day, 5,645,529 shares of Molycorp exchanged hands as compared to its average daily volume of 8,634,600 shares. The stock ranged in a price between $5.90-$6.15 after having opened the day at $5.91 as compared to the previous trading day's close of $5.92. Other companies within the Metals & Mining industry that increased today were: Prospect Global Resources ( PGRX), up 16.9%, Minco Gold Corporation ( MGH), up 11.7%, Silver Bull Resources ( SVBL), up 7.4% and Timberline Resources Corporation ( TLR), up 7.2%.
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Molycorp, Inc. produces and sells rare earth and rare metal materials in the United States and internationally. Molycorp has a market cap of $1.1 billion and is part of the basic materials sector. Shares are down 37.3% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Molycorp a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Molycorp as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

On the negative front, Crosshair Energy ( CXZ), down 35.0%, Ossen Innovation ( OSN), down 20.0%, China Gengsheng Minerals ( CHGS), down 15.3% and Cardero Resources Corporation ( CDY), down 13.0% , were all laggards within the metals & mining industry with Gerdau ( GGB) being today's metals & mining industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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