Stifel Nicolaus analyst Ralph M. Profiti maintained a Hold rating on Teck Resources today and set a price target of C$60.00. The company’s shares closed yesterday at $43.01.
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M. Profiti covers the Basic Materials sector, focusing on stocks such as Barrick Mining, Teck Resources, and K92 Mining. According to TipRanks, M. Profiti has an average return of 21.4% and a 63.79% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Teck Resources with a $45.71 average price target, which is a 6.28% upside from current levels. In a report released yesterday, Canaccord Genuity also downgraded the stock to a Hold with a C$63.00 price target.
TECK market cap is currently $20.75B and has a P/E ratio of 156.28.
Read More on TECK:
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- Teck Resources Updates Operational Outlook Following Comprehensive Review
- Teck Resources downgraded to Hold from Buy at Canaccord
- Teck Resources price target raised to C$60 from C$55 at Citi
- Teck Resources provides update on Quebrada Blanca action plan
- Teck Resources downgraded to Sector Perform from Outperform at National Bank
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