Teck Resources (TSX: TECK.B), the Materials sector company was revisited on October 25, and remains undervalued for at least one analyst on the street. On October 25, analyst Orest Wowkodaw gave a Buy rating to TECK.B and set a C$42.50 price target.
According to TipRanks.com, Wowkodaw is a 5-star analyst with an average return of 14.9% and a 49.6% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Nevsun Resources Ltd, and Taseko Mines Limited.
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Teck Resources has an analyst consensus of Strong Buy, with a price target consensus of C$42.56, representing a 73.9% upside. In a report issued on October 11, TD Securities also reiterated a Buy rating on the stock with a C$46 price target.
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Teck Resources’ market cap is currently C$14.07B and has a P/E ratio of 5.2. The company has a Price to Book ratio of 0.63.
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$24.48, close to its 52-week low of C$23.90.
