Byron Capital Markets

Byron Capital Markets

November 17, 2010 09:14 ET

Byron Capital Markets Downgrades Molycorp to Sell With US$29.75 Target Price

TORONTO, ONTARIO--(Marketwire - Nov. 17, 2010) - Byron Capital Markets, a division of Byron Securities Limited, issued an updated report today on Molycorp Inc with a commentary on the company's Q3 earnings results. In the report, Byron analyst Dr. Jon Hykawy comments on the company's valuation, changes in capital expenditures, and a supply contract with W.R. Grace & Co. Recommendation has been downgraded to Sell, and target price has been increased slightly to US$29.75.

This report further exemplifies Byron Capital Markets' continuing commitment to research and, in particular, its ongoing efforts in the Electric Metals space.

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