NEW YORK (

TheStreet

) --

Thompson Creek Metals Company

(NYSE:

TC

) hit a new 52-week low Thursday as it is currently trading at $3.49, below its previous 52-week low of $3.50 with 421,452 shares traded as of 10:05 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Thompson Creek has a market cap of $623.6 million and is part of the

basic materials

sector and

metals & mining

industry. Shares are down 48.7% year to date as of the close of trading on Wednesday.

Thompson Creek Metals Company Inc. engages in mining, milling, processing, and marketing of molybdenum products in the United States and Canada. The company has a P/E ratio of 3.7, above the average metals & mining industry P/E ratio of 3.6 and below the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates Thompson Creek as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full

Thompson Creek Ratings Report

.

See all

52-week low stocks

or get investment ideas from our

investment research center

.

null