The firm said it lowered its rating on the diversified mining company as Thompson Creek is exiting the moly business as prices fall.
The company announced that it will be placing its Endako molybdenum mine on temporary suspension effective at the end of the year, as management says profitability is no longer sufficient with current molybdenum prices, Deutsche Bank said.
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Current prices for the chemical element are $8.89 per pound.
"Moly prices were as high as $14.74 per pound earlier this summer, providing a boost to the company's earnings over the past two quarters. Since the beginning of the 2014 fourth quarter moly has fallen more than 30% to the lowest price seen this year," Deutsche Bank added.
Shares of Thompson Creek Metals are lower by 4.17% to $1.38 at the start of trading this morning.
Separately, TheStreet Ratings team rates THOMPSON CREEK METALS CO INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate THOMPSON CREEK METALS CO INC (TC) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and generally disappointing historical performance in the stock itself."