In a latest note to investors, a research analyst has provided a rating update for the Teck Resources (TECK.B). Analyst Brian MacArthur from Raymond James remains bullish on the stock and has a C$44 price target.
According to TipRanks.com, MacArthur is a 2-star analyst with an average return of 0.7% and a 50.9% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.
Teck Resources has an analyst consensus of Strong Buy, with a price target consensus of C$42.11, implying a 28.7% upside from current levels. In a report issued on April 4, MKM Partners also maintained a Buy rating on the stock.
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The company has a one-year high of C$39.08 and a one-year low of C$23.90. Currently, Teck Resources has an average volume of 1.56M.
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 operates through the following business segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate.
The company’s shares closed on Monday at C$32.71.
