Analysts Offer Insights on Materials Companies: Teck Resources Limited (NYSE: TECK), Ranger Energy Services Inc (NYSE: RNGR) and Gold Standard Ventures Corp (NYSE MKT: GSV)

By Jason Carr

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Teck Resources Limited (TECKResearch Report), Ranger Energy Services Inc (RNGRResearch Report) and Gold Standard Ventures Corp (GSVResearch Report) with bullish sentiments.

Teck Resources Limited (TECK)

B.Riley FBR analyst Lucas Pipes reiterated a Buy rating on Teck Resources Limited today and set a price target of C$35.00. The company’s shares closed last Monday at $16.04, close to its 52-week low of $14.51.

According to TipRanks.com, Pipes is ranked 0 out of 5 stars with an average return of -5.2% and a 41.8% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Novagold Resources Inc New, and Covia Holdings Corporation.

Currently, the analyst consensus on Teck Resources Limited is a Strong Buy with an average price target of $30.44, representing a 75.8% upside. In a report issued on October 15, Barclays also maintained a Buy rating on the stock with a C$33.00 price target.

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Ranger Energy Services Inc (RNGR)

In a report released today, Tom Curran from B.Riley FBR maintained a Buy rating on Ranger Energy Services Inc, with a price target of $10.00. The company’s shares closed last Monday at $4.95, close to its 52-week low of $4.70.

According to TipRanks.com, Curran has 0 stars on 0-5 star ranking scale with an average return of -11.9% and a 35.4% success rate. Curran covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Independence Contract Drilling, and Select Energy Services Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ranger Energy Services Inc with a $8.75 average price target, which is a 75.0% upside from current levels. In a report issued on October 16, Barclays also maintained a Buy rating on the stock with a $9.00 price target.

Gold Standard Ventures Corp (GSV)

In a report released today, Adam Graf from B.Riley FBR maintained a Buy rating on Gold Standard Ventures Corp, with a price target of $1.30. The company’s shares closed last Monday at $0.81, close to its 52-week low of $0.71.

According to TipRanks.com, Graf is a 1-star analyst with an average return of -4.7% and a 41.3% success rate. Graf covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, First Majestic Silver, and Hecla Mining Company.

Gold Standard Ventures Corp has an analyst consensus of Moderate Buy, with a price target consensus of $1.40.

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