Shares of Teck Resources Ltd. (NYSE:TCK) dropped 4.1% during mid-day trading on Friday . The company traded as low as $15.83 and last traded at $15.83, with a volume of 3,639,203 shares traded. The stock had previously closed at $16.50.

TCK has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Teck Resources from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Saturday, July 9th. CIBC reissued a “sector outperform” rating and issued a $16.00 price target on shares of Teck Resources in a research report on Sunday, April 24th. Goldman Sachs Group Inc. initiated coverage on shares of Teck Resources in a research report on Thursday, May 19th. They issued a “buy” rating and a $12.00 price target for the company. Credit Suisse Group AG reissued a “hold” rating on shares of Teck Resources in a research report on Tuesday, June 28th. Finally, Deutsche Bank AG increased their price target on shares of Teck Resources from $10.00 to $11.50 and gave the stock a “sell” rating in a research report on Friday, July 29th. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $13.00.

The stock’s market cap is $9.11 billion. The company’s 50 day moving average is $14.85 and its 200 day moving average is $10.31.

Teck Resources (NYSE:TCK) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.33 billion. The company’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. Analysts expect that Teck Resources Ltd. will post $0.38 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Teck Resources stock. I.G. Investment Management LTD. increased its position in Teck Resources Ltd. (NYSE:TCK) by 3.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 865,420 shares of the company’s stock after buying an additional 27,400 shares during the period. I.G. Investment Management LTD. owned approximately 0.15% of Teck Resources worth $3,342,000 at the end of the most recent quarter.

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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