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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorAnalyst RatingsDahlman RoseDiversified Metals & MiningMaterialsThompson Creek Metals Company
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in