Thompson Creek Metals Company Inc (NYSE:TC) Gets Upgraded


 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.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.