Teck Resources Ltd (TCK.B) Rating Increased to Outperform at Royal Bank Of Canada
Teck Resources Ltd (TSE:TCK.B) was upgraded by research analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday. The brokerage currently has a C$30.00 price objective on the stock, up from their previous price objective of C$23.00.
Several other research firms have also recently issued reports on TCK.B. Raymond James Financial Inc. increased their price objective on Teck Resources from C$7.00 to C$8.50 and gave the stock an “underperform” rating in a research report on Friday, June 24th. Scotiabank raised their price target on Teck Resources from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Monday, June 27th. TD Securities raised their price target on Teck Resources from C$17.00 to C$20.00 and gave the company a “buy” rating in a research report on Thursday, June 30th. National Bank Financial raised their price target on Teck Resources from C$13.50 to C$22.00 in a research report on Monday, July 18th. Finally, Canaccord Genuity upgraded Teck Resources from a “sell” rating to a “hold” rating and raised their price target for the company from C$8.00 to C$16.50 in a research report on Monday, July 25th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target 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.
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