According to The Fly, in a report released yesterday, Oscar Cabrera from CIBC reiterated a Buy rating on Teck Resources Limited (TECK). The company’s shares opened today at $21.70.
According to TipRanks.com, Cabrera has currently no stars on a ranking scale of 0-5 stars, with an average return of -13.0% and a 31.1% success rate. Cabrera covers the Basic Materials sector, focusing on stocks such as Capstone Mining Corp, Hudbay Minerals Inc, and Turquoise Hill.
Currently, the analyst consensus on Teck Resources Limited is a Strong Buy with an average price target of $30.50, a 40.6% upside from current levels. In a report released yesterday, Raymond James also maintained a Buy rating on the stock.
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Teck Resources Limited’s market cap is currently $12.49B and has a P/E ratio of 4.68. The company has a Price to Book ratio of 0.72.
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Teck Resources Ltd. is a diversified resource company, which engages in the mining and mineral development of copper, steelmaking coal, zinc, and energy properties. The firm also produces germanium and indium. It opertes through the following business segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate.
