The Globe and Mail reports in its Wednesday, Jan. 24, edition that B. Riley Securities analyst Lucas Pipes is sticking with his "buy" recommendation for Teck Resources. The Globe's David Leeder writes that Mr. Pipes slashed his share target by $13 to $59. Analysts on average target the Class B shares at $59.96. Mr. Pipes says in a note: "We are updating our estimates for Teck Resources Limited following the issuance of the company's 2023 production and 2024 guidance update. We are also removing the coal cash-flow estimates from valuation in anticipation of the business unit sale to Glencore at the end of Q3 2024. For copper production in 2023, Teck came in modestly below our prior estimate (296.5k Mt versus our 302.9k Mt), driven by underperformance at Highland Valley but slightly offset by better than estimated performance at Antamina." The Globe reported on April 20, 2022, and Nov. 16, 2023, that Canaccord rated Teck to "hold" and then "buy." It was then worth $54.49 and $48.72. The Globe reported on Jan. 9, 2024, and Jan. 18, 2024, that National Bank Financial analysts Shane Nagle and analyst colleague Rabi Nizami continued to rate Teck "outperform." The shares could then be had for $52.30 and $50.32.