Teck Resources Ltd (TCK.B) Upgraded by Deutsche Bank AG to “Buy”
Teck Resources Ltd (TSE:TCK.B) was upgraded by equities research analysts at Deutsche Bank AG to a “buy” rating in a research report issued to clients and investors on Friday.
Several other research firms have also recently issued reports on TCK.B. Barclays PLC reiterated an “underweight” rating on shares of Teck Resources in a report on Tuesday, August 2nd. TD Securities increased their price objective on shares of Teck Resources from C$22.00 to C$24.00 and gave the company a “buy” rating in a report on Sunday, July 31st. Scotiabank increased their price objective on shares of Teck Resources from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Friday, July 29th. CIBC increased their price objective on shares of Teck Resources from C$16.00 to C$23.00 in a report on Friday, July 29th. Finally, Canaccord Genuity increased their price objective on shares of Teck Resources from C$16.50 to C$19.50 in a report on Friday, July 29th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price 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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