Thompson Creek Metals Stock Rating Reaffirmed by Deutsche Bank (TC)
Thompson Creek Metals (NYSE:TC)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Wednesday, Stock Ratings News reports. They currently have a $3.50 target price on the stock. Deutsche Bank’s target price points to a potential upside of 15.51% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Dundee Securities raised their price target on shares of Thompson Creek Metals from C$3.00 to C$3.50 in a research note on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Scotiabank reiterated an “underperform” rating on shares of Thompson Creek Metals in a research note on Tuesday. They now have a C$2.25 price target on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Thompson Creek Metals in a research note on Friday, May 9th. They set a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $2.94.
Shares of Thompson Creek Metals (NYSE:TC) traded up 6.69% during mid-day trading on Wednesday, hitting $3.03. 3,881,230 shares of the company’s stock traded hands. Thompson Creek Metals has a 1-year low of $1.72 and a 1-year high of $4.05. The stock’s 50-day moving average is $2.59 and its 200-day moving average is $2.59. The company’s market cap is $519.5 million.
Thompson Creek Metals (NYSE:TC) last released its earnings data on Monday, May 12th. The company reported ($0.02) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.06. The company had revenue of $161.00 million for the quarter, compared to the consensus estimate of $161.23 million. Thompson Creek Metals’s revenue was up 48.1% compared to the same quarter last year. On average, analysts predict that Thompson Creek Metals will post $-0.01 earnings per share for the current fiscal year.
Thompson Creek Metals Company Inc (NYSE:TC) is a diversified mining company.
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