Dahlman Rose Starts Teck Resources (TCK) at Buy; A Canadian Diversified Miner

Dahlman Rose initiates coverage on Teck Resources (NYSE: TCK) with a Buy. PT $47.00.

Dahlman analyst says, "The company is the world's second-largest exporter of met coal, one of the three largest producers of zinc and a significant producer of copper. The company also has plans to be a significant energy producer through the development of its oil sands assets. While the company is already an established diversified mining concern, it has plans to expand production in virtually all areas of its business. We expect these growth initiatives to translate to increased earnings power over the medium term."

For an analyst ratings summary and ratings history on Teck Resources click here. For more ratings news on Teck Resources click here.

Shares of Teck Resources closed at $37.30 yesterday.

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