Thompson Creek Metals Stock Rating Upgraded by Bank of America Corp. (TC)
Thompson Creek Metals (NYSE:TC) was upgraded by Bank of America Corp. from an “underperform” rating to a “buy” rating in a research note issued on Tuesday, American Banking News.com reports.
Separately, analysts at TD Securities reiterated a “reduce” rating on shares of Thompson Creek Metals in a research note to investors on Wednesday, December 4th. They now have a $0.50 price target on the stock. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Thompson Creek Metals presently has a consensus rating of “Hold” and a consensus target price of $3.70.
Thompson Creek Metals (NYSE:TC) traded up 17.81% during mid-day trading on Tuesday, hitting $2.58. The stock had a trading volume of 8,050,770 shares. Thompson Creek Metals has a one year low of $1.72 and a one year high of $4.50. The stock has a 50-day moving average of $2.27 and a 200-day moving average of $3.04. The company’s market cap is $442.3 million.
Thompson Creek Metals (NYSE:TC) last announced its earnings results on Wednesday, November 13th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.03. The company had revenue of $90.80 million for the quarter, compared to the consensus estimate of $99.74 million. The company’s quarterly revenue was up 21.2% on a year-over-year basis.
Thompson Creek Metals Company Inc (NYSE:TC) is a diversified mining company.
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