Canaccord Genuity Maintains a 'Buy' on Thompson Creek Metals (TC); Q1/11 Results Beat Consensus, But Mt. Milligan Capex Goes Up
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Price: $2.15 --0%
Rating Summary:
1 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 25
Rating Summary:
1 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 25
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Canaccord Genuity maintains a 'Buy' on Thompson Creek Metals (NYSE: TC), PT C$15.
Canaccord analyst says, "We calculate adjusted diluted EPS of US$0.36, above our forecast of US$0.27 and the 13-analyst Bloomberg consensus of US$0.29. TCM also increased Mount Milligan capex guidance from C$0.9 billion to C$1.3 billion...Our new 2011E and 2012E EBITDA forecasts are US$364 million and US$267 million, up and down from US$287 million and US$284 million. Our new 2011E and 2012E adjusted EPS forecasts are US$0.94 and US$0.55."
For more ratings news on Thompson Creek Metals click here and for the rating history of Thompson Creek Metals click here.
Shares of Thompson Creek Metals closed at $11.26 yesterday.
Canaccord analyst says, "We calculate adjusted diluted EPS of US$0.36, above our forecast of US$0.27 and the 13-analyst Bloomberg consensus of US$0.29. TCM also increased Mount Milligan capex guidance from C$0.9 billion to C$1.3 billion...Our new 2011E and 2012E EBITDA forecasts are US$364 million and US$267 million, up and down from US$287 million and US$284 million. Our new 2011E and 2012E adjusted EPS forecasts are US$0.94 and US$0.55."
For more ratings news on Thompson Creek Metals click here and for the rating history of Thompson Creek Metals click here.
Shares of Thompson Creek Metals closed at $11.26 yesterday.
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