Teck Resources Ltd (TCK.B) Given New C$31.00 Price Target at CIBC
Several other research firms have also recently commented on TCK.B. Paradigm Capital set a C$23.75 price target on Teck Resources and gave the stock a buy rating in a research note on Saturday, August 6th. Barclays PLC restated an underweight rating on shares of Teck Resources in a research note on Tuesday, August 2nd. TD Securities upped their price target on Teck Resources from C$22.00 to C$24.00 and gave the stock a buy rating in a research note on Sunday, July 31st. Scotiabank upped their price target on Teck Resources from C$17.00 to C$18.00 and gave the stock a sector perform rating in a research note on Friday, July 29th. Finally, Canaccord Genuity upped their price target on Teck Resources from C$16.50 to C$19.50 in a research note on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Teck Resources has an average rating of Hold and a consensus price target of C$18.78.
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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