Teck Resources Ltd (TSE:TCK.B) (NYSE:TCK) had its price objective hoisted by RBC Capital Markets from C$35.00 to C$40.00 in a research report released on Thursday morning. RBC Capital Markets currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Royal Bank Of Canada lifted their price target on shares of Teck Resources from C$35.00 to C$40.00 and gave the stock an outperform rating in a research note on Thursday. CIBC lifted their price target on shares of Teck Resources from C$33.00 to C$44.00 and gave the stock an outperform rating in a research note on Thursday. TD Securities lifted their price target on shares of 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. Barclays PLC reiterated an underweight rating on shares of Teck Resources in a research note on Tuesday, August 2nd. Finally, Canaccord Genuity lifted their price target on shares of Teck Resources from C$16.50 to C$19.50 in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Teck Resources currently has an average rating of Hold and a consensus target price of C$27.85.

In other news, insider Ray Reipas sold 30,000 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of C$28.87, for a total value of C$866,100.00. Also, insider Tim Watson sold 30,666 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of C$29.46, for a total value of C$903,420.36.

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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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