Teck Cominco Ltd

Teck Resources (TCK) shares closed Thursday's trading session up after Goldman Sachs began coverage of the stock with a bullish rating.

U-Jin Lee May19,20164:46PMEDT

NEW YORK (TheStreet) -- Shares of Teck Resources (TCK) closed Thursday's trading session up 3.19% to $9.69 after Goldman Sachs began coverage of the stock this morning with a bullish rating.

The firm recommended investors to "buy" the stock given that the company will benefit from more than 90% of each of the main metals being sourced outside of the U.S., which means the stronger dollar should act as a tailwind for the majority of metal producers.

In the note, analysts also issued a $12 price target, implying an 18% upside.

"Teck is an ex-U.S. producer with a diversified mix of more favorable commodity exposure, mainly zinc and met coal," analysts said.

Looking ahead, the company's capex is expected to peak in 2016 then slowly improve.

Vancouver, Canada-based Teck Resources explores, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe.

Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D.

The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

You can view the full analysis from the report here: TCK