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 reiterated a Buy rating, with a C$46 price target today.
According to TipRanks.com, MacArthur is a 1-star analyst with an average return of -1.1% and a 48.6% 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$45.21, a 44.9% upside from current levels. In a report issued on January 23, B.Riley FBR also reiterated a Buy rating on the stock with a C$48 price target.
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Teck Resources’ market cap is currently C$17.68B and has a P/E ratio of 5.1. The company has a Price to Book ratio of 0.79.
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.
The company’s shares closed on Monday at C$31.20.
