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Molycorp, Inc. (NYSE:MCP): A survey by the Ministry of Industry and Information Technology of China indicates that the country’s rare earth reserves totaled 18.59 million tons in 2009, which represents some 23 percent of the world’s total, which is far below the 36 million tons, or 36 percent, that was estimated by the United States Geographical Survey, says the Global Times. MCP shares closed at $22.43, which is up 8.57 percent, having traded between $19.11 and $66.62 in a 52-week range.
Patriot Coal Corporation (NYSE:PCX) shares closed up 8.16 percent Wednesday, at $1.59, having traded in a 52-week range of $1.14 to $24.99.
Choice Hotels International, Inc. (NYSE:CHH) says it will offer $400 million in senior notes that will come due in 2022, in a move that is probably linked to its plan to pay out a special $600 million cash dividend to shareholders later in 2012. Shares closed up 7.17 percent at $40.98, having traded between $26.31 and $39.45 in a 52-week range.
Jabil Circuit, Inc. (NYSE:JBL) shares closed up 6.85 percent at $20.75, even as RBC Capital reduced its price target following the firm’s in-line results, which provided weaker than expected guidance for its August quarter. Regardless, RBC remains confident that Jabil will show stronger than average seasonality for its November quarter and beyond, thus it keeps its Outperform rating. Shares have traded in a 52-week range of between $13.94 and $27.40.
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