Teck Resources Ltd. (NYSE:TCK) (TSE:TCK.B) was upgraded by stock analysts at Barclays PLC from an “underweight” rating to an “overweight” rating in a research report issued to clients and investors on Thursday.

Several other research analysts have also weighed in on the stock. TheStreet upgraded shares of Teck Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 27th. Paradigm Capital restated a “buy” rating and set a $34.00 price objective (up from $29.00) on shares of Teck Resources in a research note on Saturday, October 29th. TD Securities restated a “buy” rating and set a $30.00 price objective on shares of Teck Resources in a research note on Sunday, October 2nd. Berenberg Bank initiated coverage on shares of Teck Resources in a research note on Friday, August 19th. They set a “sell” rating and a $10.00 price objective on the stock. Finally, Scotiabank restated a “sector perform” rating and set a $29.00 price objective (up from $27.00) on shares of Teck Resources in a research note on Saturday, October 29th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Teck Resources has a consensus rating of “Hold” and a consensus price target of $20.43.

Analyst Recommendations for Teck Resources (NYSE:TCK)

Teck Resources (NYSE:TCK) opened at 23.40 on Thursday. The company has a 50-day moving average of $20.22 and a 200 day moving average of $15.42. The firm’s market cap is $13.49 billion. Teck Resources has a 52-week low of $2.56 and a 52-week high of $23.45.

Teck Resources (NYSE:TCK) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.08. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $1.65 billion. Teck Resources had a negative net margin of 1.42% and a positive return on equity of 1.13%. Teck Resources’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 EPS. On average, equities research analysts anticipate that Teck Resources will post $1.09 EPS for the current year.

A number of institutional investors have recently made changes to their positions in TCK. AMP Capital Investors Ltd boosted its position in shares of Teck Resources by 3.0% in the first quarter. AMP Capital Investors Ltd now owns 278,011 shares of the company’s stock valued at $2,180,000 after buying an additional 8,100 shares during the period. One Capital Management LLC boosted its position in shares of Teck Resources by 15.9% in the first quarter. One Capital Management LLC now owns 193,015 shares of the company’s stock valued at $1,469,000 after buying an additional 26,451 shares during the period. Oak Associates Ltd. OH boosted its position in shares of Teck Resources by 1.0% in the first quarter. Oak Associates Ltd. OH now owns 41,704 shares of the company’s stock valued at $317,000 after buying an additional 400 shares during the period. Foundation Resource Management Inc. boosted its position in shares of Teck Resources by 0.5% in the second quarter. Foundation Resource Management Inc. now owns 1,742,457 shares of the company’s stock valued at $22,948,000 after buying an additional 9,174 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Teck Resources during the second quarter valued at about $33,966,000. Hedge funds and other institutional investors own 47.69% of the company’s stock.

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.

5 Day Chart for NYSE:TCK

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