Why Thompson Creek Will Rebound in 2013
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, molybdenum producer Thompson Creek Metals has earned a coveted five-star ranking.
With that in mind, let's take a closer look at Thompson Creek and see what CAPS investors are saying about the stock right now.
Thompson Creek facts
Headquarters (Founded) | Denver (1998) |
Market Cap | $703.6 million |
Industry | Diversified metals and mining |
Trailing-12-Month Revenue | $418.7 million |
Management | Chairman/CEO Kevin Loughrey |
Return on Equity (Average, Past 3 Years) | 10.1% |
Cash/Debt | $359.7 million / $657.5 million |
Competitors | Chevron Mining |
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 98%of the 1,335 members who have rated Thompson Creek believe the stock will outperform the S&P 500 going forward.
Just last week, one of those Fools, All-Star TMFmd19, tapped the stock as a particularly attractive bargain opportunity:
Thompson Creek Metals is best known as a producer of molybdenum. However, the company is in the final stages of bringing its Mount Milligan copper and gold mine into production. The mine is expected to produce an average of 194,000 ounces of gold and 81 million pounds of copper each year over its 22-year expected life.
The project has not gone as smoothly as the company had hoped. Construction costs have skyrocketed and the company has had to give up half of the mine's future gold production to help fund the project completion. That being said, the mine has the potential to transform the company into a top performer. A further boost for the company in the next year would be a rebound in the price molybdenum, which suffered a double digit decline last year.
If you want market-thumping returns, you need to put together the best portfolio you can. Of course, despite a strong four-star rating, Thompson Creek may not be your top choice.
We've found another stock we are incredibly excited about -- excited enough to dub it "The Motley Fool's Top Stock for 2013." We have compiled a special free report for investors to uncover this stock today. The report is 100% free, but it won't be here forever, so click here to access it now.
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The article Why Thompson Creek Will Rebound in 2013 originally appeared on Fool.com.
Fool contributor Brian Pacampara and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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