Thompson Creek Metals Sees Large Growth in Short Interest (TC)
Thompson Creek Metals (NYSE:TC) was the recipient of a large growth in short interest in the month of January. As of March 31st, there was short interest totalling 34,261,904 shares, a growth of 19.0% from the March 14th total of 28,784,795 shares, American Banking & Market News reports. Based on an average daily volume of 1,285,101 shares, the short-interest ratio is currently 26.7 days. Approximately 25.2% of the company’s shares are short sold.
Separately, analysts at Zacks upgraded shares of Thompson Creek Metals from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 25th. They now have a $2.90 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Thompson Creek Metals has a consensus rating of “Hold” and an average price target of $3.35.
Shares of Thompson Creek Metals (NYSE:TC) opened at 2.84 on Tuesday. Thompson Creek Metals has a 52 week low of $1.72 and a 52 week high of $4.05. The stock has a 50-day moving average of $2.44 and a 200-day moving average of $2.65. The company’s market cap is $487.0 million.
Thompson Creek Metals Company Inc (NYSE:TC) is a diversified mining company.
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