Shares of Teck Resources Ltd (TSE:TCK.B) have received a consensus recommendation of “Hold” from the twenty ratings firms that are covering the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$20.50.

A number of research firms have weighed in on TCK.B. Barclays PLC reiterated an “underweight” rating on shares of Teck Resources in a research report on Tuesday, August 2nd. TD Securities boosted 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 research report on Sunday, July 31st. Scotiabank boosted 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 research report on Friday, July 29th. CIBC boosted their price objective on shares of Teck Resources from C$16.00 to C$23.00 in a research report on Friday, July 29th. Finally, Canaccord Genuity boosted their price objective on shares of Teck Resources from C$16.50 to C$19.50 in a research report on Friday, July 29th.

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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