Analysts seem to be optimistic about Teck Resources (TSX: TECK.B) lately, as another research firm gave the stock a Buy rating today. Analyst Brian MacArthur from Raymond James rated Teck Resources (TSX: TECK.B) a Buy, setting a C$44 price target.
According to TipRanks.com, MacArthur is ranked #4564 out of 4886 analysts.
Teck Resources has an analyst consensus of Strong Buy, with a price target consensus of C$44.40, representing a 42.8% upside. In a report released today, B.Riley FBR also assigned a Buy rating to the stock with a C$46 price target.
.
The company has a one-year high of C$39.08 and a one-year low of C$25.89. Currently, Teck Resources has an average volume of 1.35M.
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$31.10.
