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Thompson Creek Metals Company Inc. Message Board

  • mikeszotak mikeszotak Apr 8, 2013 1:34 PM Flag

    $2.90 target, really Cannacord?

    With billions in assets in the ground and on the verge of a $1.5billion project completion? I understand they have significant debt but even if they completely shut down the two moly mines and became a copper-gold producer solely, at even below current cu/au prices they are projected to earn well over $1/eps. Not like the metals are going anywhere, and even if metals prices fall, which you could argue they could easily rise, their cost projections for MM are based on such minimal market prices that they should make a handsome profit regardless. So either the company's numbers are going to be terribly overstated or this stock is severely undervalued based on earnings 12-24 months out.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • It's an analyst estimation Mike... They will change their mind when everyone else does. Their goal is just to look right for long enough to show their clients they know something about what they are talking about, then change their mind as conditions warrant...
      How many times have you actually made money following an analyst's recommendation?!?
      Best case scenario is they may keep you from losing money.

      Sentiment: Strong Buy

 
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