Dallas, Texas 03/25/2014 (FINANCIALSTRENDS) – Research analysts at the Canaccord Genuity firm upped their price target on Thompson Creek Metals Company Inc (NYSE:TC) shares from C$1.10 up to C$2.20 in the report that was released to investors. This price target would suggest the potential-downside of 31.46 percent from Thompson Creek Metals Company Inc (NYSE:TC)’s current price. Recently, numerous other analysts have weighed on the Thompson Creek Metals Company Inc (NYSE:TC) stock. Bank of America analysts have now upgraded the company shares to a “buy” rating in the research note on 14 January. Finally, Dundee Securities analysts have axed their price target on Thompson Creek Metals Company Inc (NYSE:TC) shares from C$3.75 to C$2.75 in the research note on 14 January.
Thompson Creek Metals (NYSE:TC) was also upgraded by Zacks from the “underperform” to a “neutral” rating in the research note that was issued to investors. Currently, the firm has a price target of $2.90 on the stock This price objective points to a potential-upside of 4.69% from Thompson Creek Metals Company Inc (NYSE:TC)’s previous close. The firm has now set a rating of “neutral” on the stock. One equities-research analyst has assigned a “sell” rating to the Thompson Creek Metals Company Inc (NYSE:TC) stock, 6 have set a “hold” rating and 2 have set a “buy” rating to the Thompson Creek Metals Company Inc (NYSE:TC) stock. Currently, the average rating on Thompson Creek Metals Company Inc (NYSE:TC) is a “hold” and the average price target is C$3.39.
Thompson Creek Metals Company Inc (NYSE:TC) is a diversified-mining company. It produces molybdenum and also has copper & gold reserves. The company operates in 3 different segments: 1) US Operations Molybdenum, 2) Canadian Operations Molybdenum, & 3) Copper- Gold. Its US Operations Molybdenum segment encompasses all mining, milling & mine site administration, and roasting and the sale of molybdenum-products from its Thompson Creek Mine (TC Mine) & its Langeloth Facility, and roasting & sales of 3rd-party purchased material.
