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Monday, October 17, 2011

Undervalued Stock Detected (NYSE: TC)

Shares of TC fell by 5.05% or $-0.375/share to $7.04. 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 0.42 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.74. On average, 303009 shares of TC exchange hands on a given day and today's volume is recorded at 339632. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

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