Teck Resources (TSE:TECK.B) Price Target Raised to C$46.00

Teck Resources (TSE:TECK.B) had its price target hoisted by National Bank Financial from C$44.00 to C$46.00 in a report published on Tuesday, April 10th. The brokerage currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the company. Scotiabank set a C$45.00 price target on Teck Resources and gave the company a focus stock rating in a research note on Monday, March 12th. CSFB lifted their target price on Teck Resources from C$33.56 to C$45.00 in a research report on Tuesday, January 30th. Royal Bank of Canada raised their price target on Teck Resources from C$42.00 to C$44.00 and gave the stock an outperform rating in a report on Tuesday, February 20th. CIBC raised their price target on Teck Resources from C$38.00 to C$45.00 in a report on Monday, January 22nd. Finally, BMO Capital Markets set a C$43.00 price target on Teck Resources and gave the stock an outperform rating in a report on Thursday, February 15th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of C$42.88.

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Teck Resources stock traded up C$0.07 during mid-day trading on Tuesday, hitting C$32.92. The company’s stock had a trading volume of 892,515 shares, compared to its average volume of 1,990,000. Teck Resources has a 1 year low of C$19.27 and a 1 year high of C$38.66.

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About Teck Resources

Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.

Analyst Recommendations for Teck Resources (TSE:TECK.B)

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