Teck Resources (TECK.B), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Brian MacArthur from Raymond James rated Teck Resources (TECK.B) a Buy, setting a C$46 price target.
According to TipRanks.com, MacArthur ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -3.3% and a 41.3% 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.
Currently, the analyst consensus on Teck Resources is a Strong Buy with an average price target of C$45.36, representing a 47.4% upside. In a report issued on January 9, BMO Capital also initiated coverage with a Buy rating on the stock.
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Teck Resources’ market cap is currently C$17.52B and has a P/E ratio of 5.1. The company has a Price to Book ratio of 0.78.
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 Friday at C$30.78.
