Molycorp (MCP) Stock Declining Today After Quarterly Loss

NEW YORK (TheStreet) -- Shares of Molycorp Inc. (MCP) are falling by 5.67% to $1.33 in late morning trading on Thursday, after the company reported a net loss for the 2014 third quarter of $105.2 million, or a loss of 47 cents per share, which was wider than the net loss of $72.8 million, or a loss of 43 cents per share for the year ago period.

The rare earth miner said its adjusted loss per share was 40 cents, compared to a loss of 27 cents per share for the 2013 third quarter.

Molycorp has not turned a quarterly profit for two years, Reuters reports.

The company's consolidated net revenue for the latest quarter was $123.9 million versus $149.1 million for the third quarter of the previous year. 

Separately, TheStreet Ratings team rates MOLYCORP INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate MOLYCORP INC (MCP) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow, poor profit margins, generally disappointing historical performance in the stock itself and generally high debt management risk."

You can view the full analysis from the report here: MCP Ratings Report

MCP Chart MCP data by YCharts

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