Dahlman Rose & Co. Increases Thompson Creek Price Target To $18

In a report released this morning, Dahlman Rose & Co. said that it is increasing its price target on Thompson Creek Metals Company TC to $18 per share from $13.50. “We like the diversification that the company will possess upon the completion of the Mt. Milligan project, while continuing to see value in the company's legacy molybdenum business,” Dahlman Rose & Co. writes. Thompson Creek, which currently trades at $13.18, reported EPS of $0.22 compared with Dahlman Rose & Co.'s estimate and the consensus estimate of $0.20.