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Monday, August 22, 2011

Undervalued Stock Detected (NYSE: TC)

Shares of TC traded higher by 2.31% or $0.17/share to $7.52. Thompson Creek Metals Company Inc. is trading at a price to book ratio of 0.71. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.39 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.72. On average, 303009 shares of TC exchange hands on a given day and today's volume is recorded at 126647. These factors combined may make this company a potential takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.

Thompson Creek Metals Company Inc. (TCM) is a mining company.