09:14:30 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Thompson Creek Metals Company Inc
Symbol TCM
Shares Issued 171,757,916
Close 2014-07-09 C$ 3.10
Market Cap C$ 532,449,540
Recent Sedar Documents

Globe says Canaccord adjusts targets on Cameco, others

2014-07-10 04:21 ET - In the News

See In the News (C-CCO) Cameco Corp

The Globe and Mail reports in its Thursday, July 10, edition that Canaccord Genuity has raised its price forecasts for base metals, but lowered them for uranium prices. The Globe's Darcy Keith and Tim Shufelt write in the Eye On Equities column that Canaccord analyst Gary Lampard says: "We are forecasting 2014 and 2015 surpluses for copper, before a return to deficit from 2016. We believe zinc is already in deficit, but visible inventories remain high. We are forecasting that the nickel market will return to deficit this year, but that extremely high ore and metal inventories are likely to limit the impact on the physical market for at least one to two years. We continue to see the global uranium market in surplus." Mr. Lampard upgraded his rating on Thompson Creek Metals ($3.10) to "hold" from "sell" and hiked his price target to $3 from $2.70. He downgraded Capstone Mining ($3) to "hold" from "buy," but boosted his price target to $3.10 from $3. He also downgraded Oceanic Iron Ore (37 cents) to "hold" from "speculative buy" and cut his price target to 35 cents. On the uranium front, Canaccord Genuity maintained a "hold" rating and $20 price target on Cameco ($21.01).

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