In a report released today, Chris LaFemina from Jefferies maintained a Buy rating on Teck Resources, with a price target of C$80.00. The company’s shares closed last Friday at $43.23.
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According to TipRanks, LaFemina is a 5-star analyst with an average return of 10.1% and a 53.25% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Glencore, and Teck Resources.
Currently, the analyst consensus on Teck Resources is a Moderate Buy with an average price target of $45.56, implying a 5.39% upside from current levels. In a report released on September 19, UBS also maintained a Buy rating on the stock with a C$70.00 price target.
Based on Teck Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.02 billion and a net profit of $206 million. In comparison, last year the company earned a revenue of $3.87 billion and had a net profit of $363 million
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