Thompson Creek Metals Co Inc.

Published : August 04th, 2015

Will Thompson Creek (TC) Beat Earnings Estimates in Q2? - Analyst Blog

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Keywords :   Copper | Debt | Gold | Market | Market Conditions | Molybdenum |

Will Thompson Creek (TC) Beat Earnings Estimates in Q2? - Analyst Blog

In the last quarter, this mining company delivered a negative surprise of 133.33%. Let’s see how things are shaping up for this announcement.

Factors to Consider

Thompson Creek remains committed to shift the core focus of its business to copper and gold as its molybdenum mines remain idle, waiting for improvement in market conditions. The company’s revised cash cost guidance on a byproduct basis for 2015 is 70 cents to 90 cents per pound, which is expected to make the Mount Milligan mine one of the  lowest cost copper producers globally.

The company’s strategy for its molybdenum business is to transition the Langeloth facility into one of the biggest independent molybdenum conversion plant globally. The company expects its molybdenum business to generate positive cash flow of roughly $25 million to $27 million (barring potential severance payment at Endako mine) in 2015.

Thompson Creek also remains focused on de-leveraging its balance sheet as it has trimmed its debt by about $9 million or 10% over the last nine quarters and is considering strategies to address the debt.

The company expects a decrease of about 22% to 35% in unit cash costs on a by-product basis from 2014, making Mount Milligan a low cost producer of copper. Thompson Creek expects that cash flows from the Langeloth plant, coupled with the sale of inventory from the molybdenum mines, will be more than adequate to cover the cash costs and cash capital expenses for the molybdenum business this year.

Earnings Whispers

Our proven model shows that Thompson Creek is likely to beat earnings estimates this quarter. This is because the stock has a positive Earnings ESP (Expected Surprise Prediction) and a Zacks Rank #3 (Hold).

Zacks ESP: The Earnings ESP for Thompson Creek is 100% —as the Most Accurate Estimate stands at break-even and the Zacks Consensus Estimate is pegged at a loss of 1 cent.

Zacks Rank: Thompson Creek’s Zacks Rank #3, when combined with a positive ESP, indicates a likely positive earnings surprise.

We caution against stocks with Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.

Other Stocks That Warrant a Look

Here are some other companies in the basic materials sector you can also consider, as our model shows they have the right combination of elements to post an earnings beat this quarter:

Royal Gold, Inc. RGLD has an earnings ESP of +3.57% and a Zacks Rank #3.

Hi-Crush Partners LP HCLP has an earnings ESP of +2.56% and a Zacks Rank #3.

Agrium Inc. AGU has an earnings ESP of +3.48% and a Zacks Rank #3.

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Thompson Creek Metals Co Inc.

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Thompson Creek is a gold and copper producing company based in Canada.

Thompson Creek produces gold, copper, molybdenum in Canada, develops copper, gold and molybdenum in Canada, and holds various exploration projects in Canada.

Its main assets in production are ENDAKO and THOMPSON CREEK MINE in Canada, its main assets in development are DAVIDSON (YORKE-HARDY) and MOUNT MILLIGAN in Canada and its main exploration properties are MAZE LAKE, BERG and HOWARDS PASS in Canada.

Thompson Creek is listed in Canada and in Germany. Its market capitalisation is CA$ 149.3 millions as of today (US$ 111.4 millions, € 102.3 millions).

Its stock quote reached its highest recent level on July 15, 2011 at CA$ 9.88, and its lowest recent point on January 22, 2016 at CA$ 0.16.

Thompson Creek has 222 780 000 shares outstanding.

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In the News and Medias of Thompson Creek Metals Co Inc.
9/29/2007War Eagle - Financial Post article - Commodities boom extend...
Financings of Thompson Creek Metals Co Inc.
5/23/2011Announces Closing of its Senior Unsecured Notes Offering
Nominations of Thompson Creek Metals Co Inc.
9/17/2013mpany Announces Start Date for New Chief Executive Officer
8/8/2013mpany Announces Appointment of Jacques Perron as Chief Execu...
5/25/2011Promotes Scott Shellhaas to President
8/11/2010Appointment of General Counsel
8/11/2009Appointment of Chief Operating Officer
8/8/2008Announces Appointment of James L. Freer to Board of Director...
7/29/2008Announces Appointment of Chief Financial Officer
Financials of Thompson Creek Metals Co Inc.
10/21/2013mpany Schedules Third Quarter 2013 Financial Results Confere...
7/11/2013mpany Schedules Second Quarter 2013 Financial Results Confer...
5/8/2013mpany Reports First Quarter 2013 Financial Results
4/17/2013mpany Schedules First Quarter 2013 Financial Results Confere...
2/25/2013mpany Reports Fourth Quarter and Full Year 2012 Financial Re...
1/28/2013mpany Schedules 2012 Financial Results Conference Call/Webca...
11/8/2012Reschedules Third Quarter 2012 Financial Results Conference ...
10/12/2011Schedules Third Quarter 2011 Financial Results Conference Ca...
8/9/2011Announces 2011 Second Quarter Revenue Up 28.6% to $190.9 Mil...
7/15/2011Schedules Second Quarter 2011 Financial Results Conference C...
7/14/2011Schedules Second Quarter 2011 Financial Results Conference ...
5/9/2011Announces Offering of Senior Unsecured Notes
4/6/2011Schedules First Quarter 2011 Financial Results Conference Ca...
2/25/2011Announces Record Production and Sales Volumes for Fiscal 201...
8/6/2010Reports significantly improved financial results for second ...
7/26/2010Schedules Conference Call/Webcast to Review Second Quarter 2...
5/5/2010First-Quarter 2010 Financial Results
4/22/2010Schedules First-Quarter 2010 Financial Results Conference Ca...
11/6/2009Third-quarter 2009 financial results and production and cost...
10/28/2009Schedules third-quarter 2009 financial results conference ca...
7/28/2009schedules second-quarter 2009 financial results conference c...
8/8/2008Announces Second-Quarter 2008 Financial Results
3/14/2008Announces 2007 Financial Results
Project news of Thompson Creek Metals Co Inc.
10/3/2012(Thompson Creek Mine)New Mine Plan at the Thompson Creek Mine Expected to Achieve...
12/15/2011Announces Royal Gold Increases Gold Stream Interest to Purch...
8/8/2011(Endako)mpany Inc. - Lawsuit Relating to Endako Expansion Project Di...
4/4/2011(Mount Milligan)Annouces Completion of $132 Million Equipment Financing
7/27/2010(Endako)Union Obtains Certification
8/19/2008Signs Option Agreement to Acquire Up to 75% of High-Grade Mo...
4/2/2008(Davidson (yorke-hardy)) Announces Davidson Deposit Feasibility Study
3/14/2008(Endako)Announces Approval for Endako Expansion
2/20/2008(Endako)Announces Revised 2008 Endako Production Guidance and 2007 P...
12/14/2007(Endako)Announces Changes to Production Estimates for 2007
Corporate news of Thompson Creek Metals Co Inc.
7/12/2016Thompson Creek Reports Second Quarter and Year-to-Date 2016 ...
7/5/2016Centerra Gold And Thompson Creek Announce Transformational B...
6/24/2016Thompson Creek Metals Company Announces Election of Director...
5/19/2016Thompson Creek Reports First Quarter 2016 Financial Results
1/14/2016Thompson Creek Announces Listing Change
1/14/2016Thompson Creek Reports 2015 Production Results and Announces...
11/28/2015Is Sotherly Hotels Inc (SOHO) A Good Stock To Buy?
10/15/2015Thompson Creek (TC) Posts Q3 Production & Sales Results
10/13/2015Thompson Creek Reports Third Quarter 2015 Production and Sal...
10/8/2015Why Thompson Creek Metals (TC) Could Be Positioned for a Slu...
8/7/2015Edited Transcript of TCM.TO earnings conference call or pres...
8/6/2015Thompson Creek misses Street 2Q forecasts
8/6/2015Thompson Creek Reports Second Quarter 2015 Financial Results
8/5/2015Why Thompson Creek Metals (TC) Might Surprise This Earnings ...
8/4/2015Will Thompson Creek (TC) Beat Earnings Estimates in Q2? - An...
7/16/2015Thompson Creek Schedules Second Quarter 2015 Financial Resul...
7/14/2015Thompson Creek Repurchases $34M of Senior Secured Notes - An...
7/13/2015Thompson Creek Announces Repurchase of $34 Million of 9.75% ...
7/13/2015Announces Repurchase of $34 Million of 9.75% Senior Secured ...
7/8/2015Thompson Creek Reports Second Quarter 2015 Production and Sa...
7/7/2015Thompson Creek Receives Continued Listing Standard Notice fr...
4/20/2015Royal Gold (RGLD) Issues Update on Mt. Milligan Mine - Analy...
4/13/2015Thompson Creek Schedules First Quarter 2015 Financial Result...
2/19/2015Thompson Creek Reports Significantly Improved 2014 Financial...
2/19/2015Reports Significantly Improved 2014 Financial Results Revenu...
2/6/2015Thompson Creek Schedules 2014 Financial Results Conference C...
1/19/2015Thompson Creek reports 2014 production results and announces...
1/12/2015Thompson Creek Schedules Conference Call/Webcast on January ...
12/10/2014Thompson Creek Metals Company to Place Endako Molybdenum Min...
12/9/2014Thompson Creek Metals Company Announces Change in Senior Man...
11/10/2014Thompson Creek Reports Significantly Improved Third Quarter ...
10/20/2014Thompson Creek Metals Company Schedules Third Quarter 2014 F...
10/14/2014Thompson Creek Metals Company Announces Third Quarter 2014 O...
8/5/2014Thompson Creek Metals Company Reports Increase in Second Qua...
7/21/2014Thompson Creek Metals Company Schedules Second Quarter 2014 ...
7/10/2014Thompson Creek Metals Company Announces Second Quarter 2014 ...
6/25/2014Thompson Creek Announces Results of Its Previously Announced...
6/23/2014Thompson Creek Announces Pricing Terms for Its Previously An...
6/11/2014Thompson Creek Announces Extension and Amendment of Pricing ...
6/11/2014Thompson Creek Announces Extension and Amendment of Pricing ...
6/11/2014Thompson Creek Announces Extension and Amendment of Pricing ...
5/27/2014Thompson Creek Metals Company Announces Appointment of Anne ...
10/7/2013mpany Celebrates the Opening of Mt. Milligan With Dedication...
9/24/2013mpany Announces Copper-Gold Concentrate Production at Mt. Mi...
8/16/2013mpany Processes First Feed at Mt. Milligan Copper and Gold M...
1/22/2013mpany Approval of Deposition of Tailings at the Mt. Milligan...
9/13/2011(Endako)Announces Increased Reserves and Extended Mine Life for the ...
8/15/2011Announces Executive Promotions
5/9/2011Announces First Quarter 2011 Record Production of 10.3 Milli...
7/15/2010Enters into agreement to acquire Terrane Metals Corp.
5/10/2010Election Of Carol T. Banducci To Board Of Directors
5/6/2010Annual General Meeting Webcast Notification - May 6, 2010
1/25/2010Confirms move to U.S. generally accepted accounting principl...
6/24/2009completion of stock option cancellation program
6/8/2009Changes to 2009 Operating Plans
6/5/2009Resignation of Chief Operating Officer
2/18/2009provides update on 2009 operating plans
1/27/2009Changes Production Guidance for 2009
12/5/2008Provides Update on Capital Expenditure Plans
9/25/2008announces normal course issuer bid
6/27/2008Completes Over-Allotment Option
6/5/2008Completes C$215,000,000 Financing
5/5/2008webcast Annual and Special Meeting of Shareholders on May 8 ...
12/11/2007Announces Changes to Board of Directors
11/26/2007Announces Revised Reserves and New 10-Year Mine Plan for Tho...
11/14/2007 Reports Slide at Endako Mine Affects Operations
10/15/2007(angl) Posts New Report On Expanded Uses Of Molybdenum In T...
8/10/2007Reports Net Income of US$56.8 Million or 51 Cents Per Share ...
7/10/2007Announces Revised Mine Life of 27 Years at Endako Molybdenum...
5/11/2007Elects Two New Directors And Changes Name To Thompson Creek ...
5/10/2007Reports Cash Flow From Operating Activities of US$105.1 Mill...
4/16/2007A New Measured And Indicated Resource Of 464 Million Pounds
4/11/2007New Report on 'Structural Changes in Molybdenum Demand'
3/27/2007Reports Cash Flow From Operating Activities Of US$75.4 Milli...
4/13/2006Reports grades up to 0,797% MoS2 from Davidson drilling:…
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