Teck Resources Ltd (TCK.B) PT Raised to C$40.00
Teck Resources Ltd (TSE:TCK.B) (NYSE:TCK) had its price objective upped by equities research analysts at Royal Bank Of Canada from C$35.00 to C$40.00 in a report issued on Thursday. The brokerage presently has an “outperform” rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. TD Securities increased their target price on shares of Teck Resources from C$22.00 to C$24.00 and gave the company 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. Canaccord Genuity increased their target price on shares of Teck Resources from C$16.50 to C$19.50 in a research note on Friday, July 29th. Berenberg Bank set a C$13.00 target price on shares of Teck Resources and gave the company a “sell” rating in a research note on Friday, August 19th. Finally, Paradigm Capital set a C$23.75 price target on shares of Teck Resources and gave the stock a “buy” rating in a research report on Saturday, August 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$28.15.
In related news, insider Ray Reipas sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of C$29.46, for a total transaction of C$903,420.36.
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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