Dahlman Rose Reiterates Buy on Thompson Creek Metals Company (TC)

Dahlman Rose is out with its report today on Thompson Creek Metals Company TC, reiterating Buy. In a note to clients, Dahlman Rose writes, "The company announced that it has issued $350 million of 7.375% senior unsecured notes, due in 2018. We believe that this debt issuance should reduce any need for the company to issue equity in order to complete its development pipeline. We reiterate our Buy rating on the shares." Dahlman Rose maintains a $16 PT on TC. Shares of TC closed Friday at $10.62, down 0.56% from Thursday's close.