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Analysts Offer Insights on Materials Companies: Teck Resources (TECK) and McEwen Mining (MUX)

Tipranks - Tipranks - Thu Mar 19, 12:06AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Teck Resources (TECK – Research Report) and McEwen Mining (MUX – Research Report).

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Teck Resources (TECK)

J.P. Morgan analyst Bill Peterson maintained a Hold rating on Teck Resources yesterday and set a price target of $45.00. The company’s shares closed last Tuesday at $49.96.

According to TipRanks.com, Peterson is a 3-star analyst with an average return of 2.8% and a 46.7% success rate. Peterson covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Lithium Americas Corp., and Ivanhoe Electric Inc. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Teck Resources with a $57.70 average price target, implying a 15.1% upside from current levels. In a report issued on March 6, TipRanks – xAI also reiterated a Hold rating on the stock with a C$79.00 price target.

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