TC Chart TC data by YCharts

Thompson Creek Metals (TC)

Background: 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.

52-Week High: $9.50

52-Week Low: $2.41

Book Value: $10.47

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 Chart TC Free Cash Flow data by YCharts

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