14:48:57 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Thompson Creek Metals Company Inc
Symbol TCM
Shares Issued 214,086,167
Close 2014-12-11 C$ 1.66
Market Cap C$ 355,383,037
Recent Sedar Documents

Globe says Lampard cuts Thompson target to $2

2014-12-12 05:46 ET - In the News

The Globe and Mail reports in its Friday, Dec. 12, edition that Canaccord Genuity analyst Gary Lampard says weak commodity prices have forced Thompson Creek Metals to temporarily suspend operations at a B.C. molybdenum mine, reducing the company's forecasted earnings. The Globe's Luke Kawa and Jody White write in the Eye On Equities column that Mr. Lampard says, "Given remaining reserves were only 3-4 years anyway, we have permanently removed Endako from our model." He lowered his target price on the stock to $2 from $2.40 and maintained a "hold" recommendation. BMO Nesbitt Burns cut its target on Thompson Creek to $2.50 from $3.50. CIBC World Markets trimmed its target on Thompson Creek to $3.50 from $4. Dundee Securities trimmed its target to $3 from $3.50. CIBC World Markets analyst Tom Meyer increased his target on Thompson Creek to $4 from $3.50, while maintaining a "sector performer" rating in the Eye column on May 28. The shares could then be had for $3.20. Canaccord Genuity analyst Gary Lampard upgraded his rating on Thompson Creek to "hold" from "sell" and hiked his price target to $3 from $2.70 in the Eye column on July 10. The shares were then worth $3.10.

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