CIBC Stick to Their Hold Rating for Teck Resources
Investing.com
Published Sep 21, 2021 04:06PM ET
CIBC analyst Bryce Adams reiterated a Hold rating on Teck Resources (NYSE:TECK) on Tuesday, setting a price target of C$34, which is approximately 10.91% above the present share price of $23.97.
Adams expects Teck Resources to post earnings per share (EPS) of $0.49 for the third quarter of 2021.
The current consensus among 17 TipRanks analysts is for a Moderate Buy rating of shares in Teck Resources, with an average price target of $28.02.
The analysts price targets range from a high of $33.62 to a low of $21.89.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $2.56 billion and a net profit of $480 million. The company's market cap is $12.76 billion.
According to TipRanks.com, CIBC analyst Bryce Adams is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 6.6% and a 46.58% success rate.
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. The Steelmaking Coal segment exports steelmaking coal. The Copper segment produces copper in Canada, Chile, Peru, North America, and South America. The Zinc segment operates fully integrated zinc, lead smelting, and refining facilities. The Energy segment covers the oil sands mining and processing operations. The Corporate segment provides administrative, technical, financial, and other support to all of the business units. The company was founded on September 24, 1951 and is headquartered in Vancouver, Canada.
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