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5 Oversold Stocks Ready for a Bounce Higher

TC Chart TC data by YCharts

Thompson Creek Metals (TC - Get Report)

Molybdenum miner and processor Thompson Creek Metals trades an average of 3.5 million shares per day with a marketcap of $479 million.

52 Week High: $10.01
52 Week Low: $2.54
Book Value: $10.47

The average analyst target price for TC is $6.73.

The trailing 12-month price-to-earnings ratio is 7.9, the mean fiscal-year estimate price-to-earnings ratio is 159.38, based on earnings of $.02 per share this year. In the last month the stock has fallen -24.93 percent.

The company has rising revenue year-over-year of $594.80 million last fiscal year compared to $373.4 million in the previous year. The bottom line has rising earnings year-over-year of $113.70 million last fiscal year compared to $-56.00 million in the previous year.

Short interest is very high at 14.41% and is the biggest warning flag to avoid the stock. I like the August $4 call options this week during the next few days for 10 cents or greater. My profit target is 10 cents or close out on option expiration date.

At the time of publication, the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

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KEG $2.27 4.60%
ROVI $19.66 0.92%
TTWO $25.14 0.24%
TC $1.30 0.39%

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