February 18, 2014 8:50 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Tuesday, Morgan Stanley analyst Paretosh Misra reiterated an Equal-Weight rating on
Teck Resources Ltd. (NYSE: TCK).In the report, Morgan Stanley noted, “TCK is an equity play on copper, met coal and zinc. The company's high quality portfolio compares well with diversified miners, on costs, growth, balance sheet, location of reserves and life of reserves. TCK's key growth projects are QB2 & Relincho in copper, Quintette in met coal and Fort Hills in oil sands. Continued drive toward lower coke consumption in steel making will provide support to premium for TCK's high strength coal products, though slower demand growth may limit upside to met coal prices. We are EW on valuation. TCK trades at ~7.0x 2014e EBITDA at spot prices, but it may appeal to investors looking for met coal leverage and strong balance sheet (ND/EBITDA of 1.7x vs. 2.2x avg. for coal comps based on consensus estimates).”Teck Resources Ltd. closed on Friday at $23.88.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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