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Thompson Creek Metals(TC)
: Thompson Creek Metals (formerly Blue Pearl Mining) is one of the largest publicly traded, pure molybdenum producers in the world. The company owns the Thompson Creek open-pit molybdenum mine and mill in Idaho, a75% share of the Endako open-pit mine, mill and roasting facility in northern British Columbia and a metallurgical roasting facility in Langeloth, Pa. Thompson trades an average of 2.3 million shares per day with a market cap of $406 million.
Six of the 10 analysts covering the company give a buy recommendation. Thompson made a new 52-week low Tuesday. It would appear at least six of the analysts have it wrong now.
Shares tripped and fell about 9.5% during the last ugly month of trading. The shares have also broken through support this week. Of all the companies in this list, Thompson is the one I am least confident on. I think holding out for a buy price near $2 a share will lower the risk level if shares spike down.
The short interest is markedly elevated and should be treated as a red flag that short sellers expect the price to fall. The current float short is 12.9%.
TC Free Cash Flow