Dahlman Rose Downgrades Thompson Creek Metals (TC) to Hold

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February 29, 2012 7:51 AM EST
Get Alerts TC Hot Sheet
Price: $2.15 --0%

Rating Summary:
    1 Buy, 9 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 5 | New: 17
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Dahlman Rose downgraded shares of Thompson Creek Metals (NYSE: TC) from Buy to Hold Wednesday morning.

The firm believes over the near term, the company's "balance sheet will be strained by the significant capital expenditure requirements at its Mt. Milligan asset." While managers are modeling for the remaining costs for the expansions at the Mt. Milligan and Endako assets, Thompson Creek currently only has available financing of about $927 million.

Shares tumbled more than 15 percent Tuesday following Q4 results.

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

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