Market Overview

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

Related TC
China Slowdown Muddies Mining Waters; Deutsche Bank Still Positive On The Sector
Mid-Morning Market Update: Markets Mostly Higher; Walgreen Profit Misses Estimates

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.

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

 

Most Popular

Related Articles (TC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free