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Thompson Creek Metals Company Inc.

6/19/2013, 9:01 AM ET

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Thursday, May 9, 3:22 PM Thompson Creek Metals (TC +17%) is upgraded to Buy from Hold with a $5 price target at BB&T Capital after solid Q1 results, noting TC should start generating meaningful free cash flow as capex winds down and copper/gold sales ramp up, providing an opportunity to de-lever its balance sheet. While startup risks remain, the firm likes TC's inexpensive valuation and modest target multiples. Comment! [Commodities, Quick Ideas, On the Move]
Thursday, May 9, 9:10 AM Premarket gainers: BKS +29%. TSLA +24%. CTRP +17%. GMCR +15%. GRPN +15%. XOMA +12%. TC +12%. OWW +7%. AFFY +7%. WAC +7%.
Losers: LPSN -22%. RAX -21%. PZZI -17%. GV -11%. MNST -10%. SSNC -7%. HEK -7%. 2 Comments [On the Move]
Wednesday, May 8, 7:08 PM Thompson Creek (TC): Q1 EPS of $0.00 beats by $0.01. Revenue of $108.7M beats by $0.23M. (PR) Comment! [Earnings, Breaking News]
Thursday, April 11, 3:49 PM Deutsche Bank issues a host of upgrades and higher price targets for miners, chiding investors for heading for the hills instead of waiting for expected management-driven turnarounds, asset sales and restructurings. Hecla Mining (HL +2.2%) is raised to Hold from Sell with a $4.60 target (up from $4); targets also are lifted on ABX, CDE, KGC, TC, VALE, CLF, GG, NEM, TCK, SSRI. 5 Comments [Commodities, Quick Ideas, On the Move]
Monday, February 25, 6:18 AM Thompson Creek Metals (TC): Q4 EPS of -$0.11 misses by $0.08. Revenue of $99.4M misses by $6M. (PR) Comment! [Earnings, Breaking News]
Tuesday, January 22, 9:29 AM Thompson Creek Metals (TC) says Canada's Department of Fisheries and Oceans approved its fish habitat compensation plan, marking the final step to authorize deposition of tailings material into the zero discharge tailings storage facility at its Mt. Milligan project and the final authorization required to operate the Mt. Milligan copper-gold mine. TC +2.1% premarket. Comment! [Commodities, On the Move]
Monday, November 19, 2012, 9:52 AM High-yield debt markets got a lot tighter for mining companies last week, forcing them to accept more expensive terms on their offerings or walk away. Eldorado Gold (EGO) chose the latter option Friday, pulling a proposed $500M offering of senior notes; Thompson Creek Metals (TC), needing the money, went ahead with a $350M offering of five-year notes carrying a 9.75% coupon. 1 Comment [Commodities]
Wednesday, October 3, 2012, 9:38 AM Thompson Creek Metals (TC -5.2%) says it is suspending stripping activity associated with the next phase of production at the Thompson Creek Mine; TC expects to save ~$100M in operating costs and $8M-$9M in capital expenditures, as well as reduce the mine workforce by ~100 workers. 4 Comments [Commodities, On the Move]
Friday, August 31, 2012, 8:44 AM Thompson Creek Metals (TC) is upgraded to Buy from Hold with a $4 price target at Dahlman Rose. The firm says it has not ruled out further challenges as TC looks to ramp up Mt. Milligan, but it believes the company has adequate capital to complete the project, which should generate substantial profits in 2014. TC +4.8% premarket. Comment! [Commodities, Quick Ideas, On the Move]
Friday, August 10, 2012, 10:50 AM S&P cuts its credit rating for Thompson Creek Metals (TC -2.9%) to CCC+ from B- following TC's announcement of weaker production and cost expectations through next year. Diminishing operating margins could drain previously arranged funding sources set up to support the large capital requirements at the Mt. Milligan project. Comment! [Commodities, On the Move]
Thursday, August 9, 2012, 9:15 AM Thompson Creek Metals (TC): Q2 EPS of -$0.09 beats by $0.03. Revenue of $109M (-40.5% Y/Y) misses by $1M. Agrees to sell Royal Gold (RGLD) an additional 12.25% of the refined gold production from TC's Mt. Milligan copper-gold mine. Shares -1.1% premarket. (PR) 1 Comment [Commodities, Earnings]
Thursday, July 5, 2012, 8:54 AM Thompson Creek Metals' (TC) price target is lowered to $7 from $9 at Scotia Capital, which cites a wall slough at its Idaho mine and ore grade at its Endako mine that will fail to meet budgeted levels. The firm keeps its Sector Perform rating while warning that risks remain high until the Endako ore grade issue is addressed. TC +1.8% premarket. Comment! [Commodities, Quick Ideas]
Thursday, June 28, 2012, 5:44 PM Thompson Creek Metals (TC) -4.7% AH after reporting that it expects the wall slough at the Thompson Creek Mine to have a negative impact on Q2 production, now seen as totaling ~2.5M lbs. of molybdenum. The company also believes the ore grade at its Endako Mine will not meet budgeted levels, also negatively impacting Q2 production. 5 Comments [Commodities, On the Move]
Monday, May 7, 2012, 11:51 AM Thompson Creek (TC -13.2%) shares plunge to a new 52-week low after the miner posts a Q1 operating loss of $16.5M due to lower production and higher costs related to the start-up and commissioning of a new mill at the Endako mine. Comment! [Commodities, Earnings, On the Move]
Tuesday, February 28, 2012, 10:37 AM TD Securities weighs in on Thompson Creek Metals (TC -12.5%) weak Q4 report, cutting its rating to Hold after the company revises guidance to reflect higher capex estimates at its Endako and Mount Milligan projects. 1 Comment [Global & FX, Earnings, On the Move, Commodities]
Tuesday, February 28, 2012, 8:59 AM Thompson Creek Metals (TC) -10.8% premarket after reporting a Q4 EPS loss of $0.73 and a 25% Y/Y drop in revenues. The Canadian miner also reports 2011 record molybdenum sales of 40.1M pounds. Shares are downgraded to Sell from Hold at Deutsche Bank and to Neutral from Outperform at Credit Suisse. Comment! [Commodities, On the Move]