UPDATE: TD Securities Downgrades Thompson Creek Metals (TC) to Reduce

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(Updated - February 26, 2013 10:43 AM EST)

TD Securities downgraded Thompson Creek Metals (NYSE: TC) from Hold to Reduce.

Analyst Craig Miller said, "We have made a number of changes to our estimates to reflect the company's revised guidance, which significantly lowered our NAV estimates for the company. Notably, we now assume the Thompson Creek mine discontinues production in 2015, following the completion of the Phase 7 mine plan."

For an analyst ratings summary and ratings history on Thompson Creek Metals click here. For more ratings news on Thompson Creek Metals click here.

Shares of Thompson Creek Metals closed at $3.34 yesterday, with a 52 week range of $2.25-$8.84.

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