Teck Resources Ltd (TCK.B) Stock Rating Reaffirmed by TD Securities
Teck Resources Ltd (TSE:TCK.B)‘s stock had its “buy” rating reaffirmed by research analysts at TD Securities in a report issued on Friday. They currently have a C$30.00 price objective on the stock.
A number of other equities analysts also recently commented on the stock. Barclays PLC reduced their target price on shares of Teck Resources from C$16.00 to C$8.00 in a report on Tuesday, July 26th. National Bank Financial boosted their target price on shares of Teck Resources from C$13.50 to C$22.00 in a report on Monday, July 18th. Scotiabank boosted their target price on shares of Teck Resources from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a report on Monday, June 27th. CIBC boosted their target price on shares of Teck Resources from C$23.00 to C$28.00 in a report on Wednesday, September 14th. Finally, Raymond James Financial Inc. upped their price objective on shares of Teck Resources from C$7.00 to C$8.50 and gave the company an “underperform” rating in a report on Friday, June 24th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of C$18.41.
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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