Teck Resources Ltd (TCK.B) Price Target Increased to C$22.50 by Analysts at BMO Capital Markets
Several other equities research analysts also recently issued reports on TCK.B. Canaccord Genuity boosted their price objective on Teck Resources from C$16.50 to C$19.50 in a report on Friday, July 29th. 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. Paradigm Capital set a C$23.75 price objective on Teck Resources and gave the company a buy rating in a report on Saturday, August 6th. Royal Bank Of Canada reiterated a sector perform rating on shares of Teck Resources in a report on Tuesday. Finally, Raymond James Financial Inc. boosted their price objective on Teck Resources from C$19.00 to C$21.00 and gave the company a market perform rating in a report on Wednesday, August 24th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of C$18.41.
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.
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