Shares of Teck Resources Ltd. (NYSE:TCK) gapped up before the market opened on Thursday . The stock had previously closed at $16.02, but opened at $16.07. Teck Resources shares last traded at $16.25, with a volume of 4,223,365 shares trading hands.

Several analysts recently commented on the stock. Sanford C. Bernstein assumed coverage on shares of Teck Resources in a research report on Friday. They set a “sell” rating and a $10.00 price objective on the stock. Berenberg Bank initiated coverage on shares of Teck Resources in a research note on Friday. They set a “sell” rating and a $10.00 target price on the stock. Royal Bank Of Canada cut shares of Teck Resources from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $16.00 to $23.00 in a research note on Friday, August 12th. RBC Capital Markets cut shares of Teck Resources from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $16.00 to $23.00 in a research note on Friday, August 12th. Finally, Zacks Investment Research cut shares of Teck Resources from a “buy” rating to a “hold” rating in a research note on Saturday, July 30th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.00.

The firm’s market capitalization is $9.11 billion. The firm’s 50-day moving average price is $14.85 and its 200-day moving average price is $10.31.

Teck Resources (NYSE:TCK) last issued its earnings results on Thursday, July 28th. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. During the same quarter in the prior year, the company earned $0.14 EPS. The firm earned $1.74 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Teck Resources’s quarterly revenue was down 13.0% on a year-over-year basis. On average, equities research analysts predict that Teck Resources Ltd. will post $0.38 EPS for the current year.

A hedge fund recently raised its stake in Teck Resources stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in Teck Resources Ltd. (NYSE:TCK) by 675.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,585,114 shares of the company’s stock after buying an additional 2,251,751 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.45% of Teck Resources worth $9,938,000 as of its most recent filing with the SEC.

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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