A Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. Teck Resources (TECK.B) received a Buy rating from RBC Capital’s analyst Stephen Walker, with a C$44 price target.
According to TipRanks.com, Walker is a 4-star analyst with an average return of 3.7% and a 46.9% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Novagold Resources Inc New, and Teranga Gold Corporation.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Teck Resources with a C$43 average price target, which is a 42.1% upside from current levels. In a report issued on February 14, 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 1.7M.
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 Wednesday at C$30.27.
