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Teck Resources (TECK.A): New Buy Recommendation for This Basic Materials Giant

Tipranks - Tipranks - Tue Mar 31, 3:44PM CDT

UBS analyst maintained a Buy rating on Teck Resources on March 27 and set a price target of C$85.00. The company’s shares closed today at C$67.33.

End of Quarter Sale - 50% Off TipRanks

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Teck Resources with a C$77.67 average price target, implying a 15.36% upside from current levels. In a report released on March 21, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a C$68.00 price target.

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Based on Teck Resources ‘s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$3.06 billion and a net profit of C$544 million. In comparison, last year the company earned a revenue of C$2.79 billion and had a net profit of C$399 million

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