Teck Resources (TECK.B) seems to be keeping analysts happy lately, with several positive ratings in a row that it received in the past month alone. Canaccord Genuity’s analyst Dalton Baretto reiterates their Buy rating on the shares, with a C$42.50 price target.
According to TipRanks.com, Baretto is a 4-star analyst with an average return of 3.0% and a 44.1% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Fortuna Silver Mines, and Hecla Mining Company.
Currently, the analyst consensus on Teck Resources is a Strong Buy with an average price target of C$45.64.
Teck Resources’ market cap is currently C$16.16B and has a P/E ratio of 4.8. The company has a Price to Book ratio of 0.72.
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$28.11.
