Teck Resources Ltd (TSE:TCK.B) (NYSE:TCK) had its price objective raised by CIBC from C$33.00 to C$44.00 in a research report released on Thursday morning. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also recently commented on TCK.B. 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. Scotiabank lifted their price target on shares of Teck Resources from C$17.00 to C$18.00 and gave the stock a sector perform rating in a research note on Friday, July 29th. 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 reaffirmed an underweight rating on shares of Teck Resources in a research note on Tuesday, August 2nd. Finally, Paradigm Capital set a C$23.75 price objective on shares of Teck Resources and gave the company a buy rating in a report on Saturday, August 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of C$27.85.

Analyst Recommendations for Teck Resources (TSE:TCK.B)

In other news, insider Ray Reipas sold 30,000 shares of the stock in a transaction dated Monday, November 7th. The shares were 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 stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of C$29.46, for a total transaction of C$903,420.36.

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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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