Teck Resources Ltd (TSE:TCK.B) had its target price upped by research analysts at Paradigm Capital from C$23.75 to C$29.00 in a report issued on Wednesday. The brokerage presently has a “buy” rating on the stock.
Other analysts also recently issued reports about the company. Scotiabank set a C$18.00 price objective on Teck Resources and gave the company a “sector perform” rating in a report on Friday, August 19th. Raymond James Financial Inc. boosted their target price on shares of Teck Resources from C$19.00 to C$21.00 and gave the stock a “market perform” rating in a report on Wednesday, August 24th. Barclays PLC reiterated an “underweight” rating on shares of Teck Resources in a report on Tuesday, August 2nd. TD Securities boosted their target price on shares of Teck Resources from C$22.00 to C$24.00 and gave the stock a “buy” rating in a report on Sunday, July 31st. Finally, CIBC boosted their target price on shares of Teck Resources from C$16.00 to C$23.00 in a report on Friday, July 29th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$17.53.
About Teck Resources
Teck Resources Limited is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company operates through five segments: steelmaking coal, copper, zinc, energy and corporate. Through its interests in mining and processing operations in Canada, the United States, Chile and Peru, the Company exports seaborne steelmaking coal and produces mined zinc.
Receive News & Ratings for Teck Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources Ltd and related companies with our FREE daily email newsletter.
