Thompson Creek Metals Company Inc. (TC) was a big mover last session with shares rising over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the past one month’s volatile price range of $2.11 to $2.45.
This mining company has seen two positive estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
Thompson Creek Metals currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Investors interested in the mining industry may consider better-ranked stocks like General Moly, Inc. (GMO), Golden Minerals Company (AUMN) and Platinum Group Metals Ltd. (PLG). While GMO sports a Zacks Rank #1 (Strong Buy), AUMN and PLG bear a Zacks Rank #2 (Buy).
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THOMPSON CREEK METALS CO INC (TC): Free Stock Analysis Report
GENERAL MOLY INC COM (GMO): Free Stock Analysis Report
GOLDEN MINERALS CO (AUMN): Free Stock Analysis Report
PLATINUM GROUP METALS LTD (PLG): Free Stock Analysis Report
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