Molycorp (NYSE:MCP) Announces Less Q1 Loss – FCX, COP, CVX, KGC, CHK, ACI, ECA

Molycorp, Inc. (NYSE:MCP)‘s Q1 loss narrowed as the rare-earth mining firm posted sharply higher selling prices and enhanced sales volume, helping revised profit climb.

Including foreign-currency revisions, Molycorp posted a loss of $948,000 in the most recent quarter, as compared to a previous-year loss of $2.2 million.

Without stock-based compensation, inventory write-downs and other impacts, adjusted earnings moved up to 18 cents from a penny a share preceding year as revenue advanced to $84.5 million from $26.3 million a year ago.

Its competitors include Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) that slipped -0.62% to $35.31 with the total traded volume of 14.16 million shares.

Other Basic Materials stocks with bullish trend include ConocoPhillips (NYSE:COP) up 1.40% to $54.22, Chevron Corporation (NYSE:CVX) up 1.55% to $103.36 and Kinross Gold Corporation (USA) (NYSE:KGC) up 2.60% to $7.89, whereas with bearish trend include Chesapeake Energy Corporation (NYSE:CHK) down -1.72% to $17.18, Arch Coal Inc (NYSE:ACI) down -0.48% to $8.30 and EnCana Corporation (USA) (NYSE:ECA) down -2.52% to $21.66.

Molycorp, Inc. (NYSE:MCP) stock in last session held volume of 2.25 million shares as compare to its average volume of 3.38 million shares. The stock after opening at $25.42 hit high price of $25.96 and then closed at $25.43 by scoring +1.11%.

As the revenue measures MCP generated revenue of 396.83 million in the following twelve months income of $107.56 million. The Company showed a positive 29.82% in the net profit margin and in addition to in its operating margin which remained 38.52%.

The stock showed weekly downbeat performance of -5.01% which was maintained for the month at -19.73%. Likewise the negative performance for the quarter was recorded as -7.86% and for the year was -59.42% while the YTD performance remained at 6.05%.

The MCP past twelve months price to sales ratio was 5.27 and price to cash ratio remained 5.00. As far as the returns are concern, the MCP return on equity was recorded as 16.65% and increased 15.41% return on investment while its return on asset stayed at 13.64%.

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