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UPDATE: Dahlman Rose Upgrades Thompson Creek Metals to Buy on Commodity Price Bounce

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UPDATE: Deutsche Bank Downgrades Thompson Creek Metals Company As Moly Prices Fall

Dahlman Rose increased its rating on Thompson Creek Metals (NYSE: TC) from Hold to Buy and established a price target of $4 a share.

Dahlman Rose said, "We believe that potential negative outcomes at Mt. Milligan are fully reflected in the current TC share price. In our opinion, the recent bounce in moly prices and further potential followthrough, which should allow for the company to be in compliance with its debt covenants, and the completion of the Mt. Milligan project in late-2013, should allow the shares to trend meaningfully higher over the near-to-medium term."

Thompson Creek Metals closed at $2.51 on Thursday.

Latest Ratings for TC

DateFirmActionFromTo
Jan 2015Stifel NicolausMaintainsBuy
Dec 2014Deutsche BankDowngradesBuyHold
Aug 2014DundeeUpgradesNeutralBuy

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View the Latest Analyst Ratings

Posted-In: Dahlman RoseAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

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