Teck Resources Ltd (TCK.B) Given “Sector Perform” Rating at Royal Bank Of Canada
Other equities analysts have also issued reports about the company. TD Securities raised their target price on Teck Resources from C$22.00 to C$24.00 and gave the company a buy rating in a report on Sunday, July 31st. Barclays PLC cut their target price on Teck Resources from C$16.00 to C$8.00 in a report on Tuesday, July 26th. Scotiabank raised their target price on Teck Resources from C$12.00 to C$13.00 and gave the company a sector perform rating in a report on Monday, June 27th. Canaccord Genuity raised their target price on Teck Resources from C$16.50 to C$19.50 in a report on Friday, July 29th. Finally, Berenberg Bank set a C$13.00 target price on Teck Resources and gave the company a sell rating in a report on Friday, August 19th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of C$18.13.
Teck Resources Company Profile
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.
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