Scotiabank Reaffirms “Sector Perform” Rating for Teck Resources Ltd (TCK.B)
Teck Resources Ltd (TSE:TCK.B)‘s stock had its “sector perform” rating reissued by investment analysts at Scotiabank in a research report issued on Tuesday. They presently have a C$27.00 price objective on the stock.
A number of other equities analysts also recently commented on TCK.B. Barclays PLC cut their target price on shares of Teck Resources from C$16.00 to C$8.00 in a research note on Tuesday, July 26th. TD Securities lifted their price target on shares of Teck Resources from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research note on Thursday, June 30th. National Bank Financial lifted their price target on shares of Teck Resources from C$13.50 to C$22.00 in a research note on Monday, July 18th. Deutsche Bank AG raised shares of Teck Resources to a “buy” rating in a research note on Friday. Finally, CIBC lifted their price target on shares of Teck Resources from C$23.00 to C$28.00 in a research note on Wednesday, September 14th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$18.59.
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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