In a report released today, Lucas Pipes from B.Riley FBR reiterated a Buy rating on Teck Resources Limited (TECK), with a price target of C$39.00. The company’s shares closed last Monday at $14.77, close to its 52-week low of $14.73.
According to TipRanks.com, Pipes is ranked 0 out of 5 stars with an average return of -5.9% and a 40.7% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Novagold Resources Inc New, and Covia Holdings Corporation.
Currently, the analyst consensus on Teck Resources Limited is a Strong Buy with an average price target of $30.47.
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Teck Resources Limited’s market cap is currently $8,247 and has a P/E ratio of 4.32. The company has a Price to Book ratio of 0.47.
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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 operates through the following business segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate.