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Wednesday, May 16, 2012

Undervalued Stock Detected (NYSE: TC)

Shares of TC traded higher by 3.75% or $0.14/share to $3.87. NYSE is trading at a price to book ratio of 0.36. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.47. The price to sales ratio came in at 1.09. Thus, the company is not very expensive in terms of its sales. On average, 2643180 shares of TC exchange hands on a given day and today's volume is recorded at 1092048. 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 diversified mining company.