Brokers Begin New Coverage on These 4 Stocks

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage in the Basic Materials sector for the week ending November 18th, 2011.

  • Teck Resources (NYSE:TCK): Dahlman Rose initiated coverage of this company with a rating of Buy and a price target of $47 on Nov 15th. The shares recently traded at $33.35, down $4.65, or 12.24% since the analyst’s rating. About the company: Teck Resources Ltd. is an integrated natural resource group with activities in mining, smelting, and refining. The Company mines zinc, copper, molybdenum, gold, and metallurgical coal in the United States, Canada, Peru, and Chile. Teck also produces refined metals, specialized metal products, and other products. Get the most recent company news and stock data here >>
  • Gulfport Energy (NASDAQ:GPOR): Global Hunter Securities initiated coverage of this company with a rating of Neutral and a price target of $38 on Nov 16th. The shares recently traded at $32.62, down $3.56, or 9.84% since the analyst’s rating. About the company: Gulfport Energy Corporation owns and operates oil and gas properties in the Louisiana Gulf Coast area of the United States. Get the most recent company news and stock data here >>
  • Rex Energy (NASDAQ:REXX): Global Hunter Securities initiated coverage of this company with a rating of Buy and a price target of $23 on Nov 16th. The shares recently traded at $15.91, down $0.64, or 3.87% since the analyst’s rating. About the company: Rex Energy Corporation is an independent oil and gas company operating in the Illinois Basin, the Appalachian Basin and the southwestern region of the United States. Get the most recent company news and stock data here >>
  • China Gerui (NASDAQ:CHOP): Oppenheimer initiated coverage of this company with a rating of Outperform and a price target of $6 on Nov 18th. The shares recently traded at $3.97, up $0.09, or 2.32% since the analyst’s rating. About the company: China Gerui Advanced Materials Group Ltd. manufactures cold-rolled steel. The Company produces high-end, high-precision, ultra-thin, high-strength, cold-rolled steel tailored to the customer’s specifications. China Gerui markets its steel to food packaging, telecommunication, electrical appliance, and construction materials manufacturers. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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