Thompson Creek Metals Given Average Recommendation of “Hold” by Analysts (NYSE:TC)
Thompson Creek Metals (NYSE:TC) has earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock, American Banking & Market News reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $2.94.
TC has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Thompson Creek Metals in a research note on Wednesday. They now have a $3.50 price target on the stock. Separately, 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. Finally, 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.
Shares of Thompson Creek Metals (NYSE:TC) traded down 2.56% during mid-day trading on Thursday, hitting $2.9525. 815,754 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 $2.62 and its 200-day moving average is $2.59. The company’s market cap is $506.2 million.
Thompson Creek Metals (NYSE:TC) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the 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. The company’s revenue for the quarter was up 48.1% on a year-over-year basis. 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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