Teck Resources Ltd (TCK.B) Upgraded by RBC Capital Markets to “Outperform”
Teck Resources Ltd (TSE:TCK.B) was upgraded by analysts at RBC Capital Markets from a “sector perform” rating to an “outperform” rating in a research report issued on Monday. The firm presently has a C$30.00 price target on the stock, up from their prior price target of C$23.00.
Several other research analysts have also recently issued reports on TCK.B. Barclays PLC dropped their price target on Teck Resources from C$16.00 to C$8.00 in a report on Tuesday, July 26th. TD Securities upped their price target on Teck Resources from C$17.00 to C$20.00 and gave the company a “buy” rating in a report on Thursday, June 30th. National Bank Financial upped their price target on Teck Resources from C$13.50 to C$22.00 in a report on Monday, July 18th. Deutsche Bank AG raised Teck Resources to a “buy” rating in a report on Friday, October 7th. Finally, Scotiabank upped their price target on Teck Resources from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a report on Monday, June 27th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Teck Resources currently has a consensus rating of “Hold” and a consensus target price of C$22.17.
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.
Receive News & Stock Ratings for Teck Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources Ltd and related stocks with our FREE daily email newsletter.