Thompson Creek Metals Company Price Target Raised to C$4.00 at CIBC (TCM)
Equities research analysts at CIBC boosted their price target on shares of Thompson Creek Metals Company (TSE:TCM) from C$3.50 to C$4.00 in a research note issued to investors on Tuesday. CIBC’s price target suggests a potential upside of 23.84% from the stock’s previous close.
Shares of Thompson Creek Metals Company (TSE:TCM) traded down 0.93% on Tuesday, hitting $3.20. The stock had a trading volume of 550,432 shares. Thompson Creek Metals Company has a 52-week low of $1.84 and a 52-week high of $4.25. The stock’s 50-day moving average is $3.02 and its 200-day moving average is $2.80. The company’s market cap is $549.6 million.
Thompson Creek Metals Company (TSE:TCM) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.03. Analysts expect that Thompson Creek Metals Company will post $0.06 EPS for the current fiscal year.
A number of other firms have also recently commented on TCM. Analysts at Canaccord Genuity raised their price target on shares of Thompson Creek Metals Company from C$2.20 to C$2.70 in a research note on Friday, May 16th. Analysts at BMO Capital Markets initiated coverage on shares of Thompson Creek Metals Company in a research note on Monday, May 12th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$3.02.
Thompson Creek Metals Company Inc (TSE:TCM) is a diversified mining company.
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