Thompson Creek Metals Company Receives Consensus Recommendation of “Hold” from Analysts (NYSE:TC)
Thompson Creek Metals Company (NYSE:TC) has earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Analyst Ratings Network reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $2.94.
Thompson Creek Metals Company (NYSE:TC) opened at 2.84 on Wednesday. Thompson Creek Metals Company has a one year low of $1.72 and a one year high of $4.05. The stock’s 50-day moving average is $2.84 and its 200-day moving average is $2.64. The company’s market cap is $487.8 million. Thompson Creek Metals Company also was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 11,096,164 shares, a drop of 66.9% from the June 13th total of 33,553,242 shares. Approximately 8.2% of the company’s shares are short sold. Based on an average daily volume of 1,992,839 shares, the short-interest ratio is currently 5.6 days.
Thompson Creek Metals Company (NYSE:TC) last released its 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. Analysts expect that Thompson Creek Metals Company will post $0.21 EPS for the current fiscal year.
A number of research firms have recently commented on TC. Analysts at Canaccord Genuity upgraded shares of Thompson Creek Metals Company to a “hold” rating in a research note on Wednesday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Thompson Creek Metals Company in a research note on Wednesday, May 14th. They now have a $3.50 price target on the stock. Finally, analysts at Dundee Securities raised their price target on shares of Thompson Creek Metals Company from C$3.00 to C$3.50 in a research note on Wednesday, May 14th. They now have a “neutral” rating on the stock.
Thompson Creek Metals Company Inc is a diversified mining company. It is a producer of molybdenum and has copper and gold reserves.