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"Continued Deterioration"! Goldman Sachs warns that overcapacity will depress copper prices in the short term
Goldman Sachs analysts pointed out that China's exports of cathode copper hit a new high in June, but inventories increased and there was a headwind on the demand side. At the same time, the increase in supply in Africa, the supply growth of Congo and Zambia has been underestimated.
Analysts Offer Insights on Materials Companies: Teck Resources (TECK), Evolution Mining Limited (OtherCAHPF) and Fortescue Metals Group Ltd (OtherFSUMF)
J.P. Morgan Maintains Teck Resources(TECK.US) With Buy Rating, Raises Target Price to $55.44
J.P. Morgan analyst Bill Peterson maintains $Teck Resources(TECK.US)$ with a buy rating, and adjusts the target price from $52.62 to $55.44.According to TipRanks data, the analyst has a success rate
Toronto Stocks Falter, Led By Weakness in Mining Sector
Shares on Canada's main exchange extended the pull back from recent highs Thursday, tracking modest weakness on Wall Street.
Teck Resources Ltd Price Target Raised to C$76.00/Share From C$72.00 by JP Morgan
Teck Resources Ltd Price Target Raised to C$76.00/Share From C$72.00 by JP
Express News | Shares of Copper Companies Are Trading Lower Amid Possible Uncertainty Over China's Supply and Demand and a Drop in the Price of Copper