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UPDATE: BMO Capital Markets Initiates Thompson Creek Metals at Market Perform

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Benzinga's Top Downgrades
Thompson Creek Reports Production and Sales Results For Q2 2015

BMO Capital Markets initiated coverage on Thompson Creek Metals (NYSE: TC) with Market Perform rating and a $3.60 price target.

BMO Capital Markets said, "Thompson Creek is one of the largest pure-play molybdenum producers in the world. The company is listed on the TSX and NYSE. Key assets are the Thompson Creek open-pit mine in Idaho, a metallurgical roasting facility in Langeloth, Pennsylvania, a 75% share of the Endako open-pit mine in northern British Columbia and the Mt. Milligan Copper-Gold Project in British Columbia. … Thompson Creek faces a convergence of risk in 2013/2014, which constrains its long-term valuation potential."

Thompson Creek Metals closed at $2.66 on Wednesday.

Latest Ratings for TC

Jul 2015Stifel NicolausDowngradesBuyHold
Jul 2015Deutsche BankDowngradesHoldSell
Jun 2015Scotia CapitalUpgradesUnderperformSector Perform

View More Analyst Ratings for TC
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Initiation Intraday Update Analyst Ratings


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