Market Overview

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

Related TC
Benzinga's Top Initiations
Benzinga's Top Downgrades
Why Thompson Creek Metals (TC) Could Be Positioned for a Slump (Zacks)

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

Aug 2015National BankInitiates Coverage onSector Perform
Aug 2015Bank of AmericaDowngradesNeutralUnderperform
Aug 2015Deutsche BankUpgradesSellHold

View More Analyst Ratings for TC
View the Latest Analyst Ratings

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


Related Articles (TC)

View Comments and Join the Discussion!

Get Benzinga's Newsletters