TD Newcrest Downgrades Thompson Creek Metals (TC) to Hold Following Q4
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Price: $2.07 -3.72%
Rating Summary:
1 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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TD Newcrest downgraded Thompson Creek Metals (NYSE: TC) from Buy to Hold with a price target of C$9.00 following Q4 result and revised guidance to reflect higher capital cost estimates at Endako and Mount Milligan.
The firm comments, "Despite reporting better-than-expected earnings, we believe that the results will be largely overshadowed by the continued and significant increase in capex at Mount Milligan, and to a lesser extent at Endako."
The firm cut FY12 EPS estimates from $0.54 to $0.17.
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 $8.69 yesterday.
The firm comments, "Despite reporting better-than-expected earnings, we believe that the results will be largely overshadowed by the continued and significant increase in capex at Mount Milligan, and to a lesser extent at Endako."
The firm cut FY12 EPS estimates from $0.54 to $0.17.
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 $8.69 yesterday.
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