Teck Resources Ltd. (NYSE:TCK) hit a new 52-week high during trading on Friday . The stock traded as high as $17.01 and last traded at $16.53, with a volume of 4,512,379 shares changing hands. The stock had previously closed at $16.44.

Several equities research analysts have recently commented on TCK shares. TD Securities restated a “buy” rating and issued a $20.00 target price (up previously from $17.00) on shares of Teck Resources in a research note on Friday, July 1st. Paradigm Capital restated a “buy” rating and issued a $17.00 target price (up previously from $7.75) on shares of Teck Resources in a research note on Thursday, May 5th. Goldman Sachs Group Inc. started coverage on shares of Teck Resources in a research note on Thursday, May 19th. They issued a “buy” rating and a $12.00 target price on the stock. Zacks Investment Research upgraded shares of Teck Resources from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Saturday, July 9th. Finally, Clarkson Capital upgraded shares of Teck Resources from a “neutral” rating to a “buy” rating in a research note on Monday, July 18th. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $13.84.

The firm’s market capitalization is $9.21 billion. The stock has a 50 day moving average price of $15.16 and a 200-day moving average price of $10.74.

Teck Resources (NYSE:TCK) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business earned $1.74 billion during the quarter, compared to analyst estimates of $1.33 billion. The business’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same period last year, the business earned $0.14 earnings per share. Equities analysts anticipate that Teck Resources Ltd. will post $0.39 earnings per share for the current year.

An institutional investor recently raised its position in Teck Resources stock. I.G. Investment Management LTD. boosted its position in shares of Teck Resources Ltd. (NYSE:TCK) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 0.15% of Teck Resources worth $3,342,000 as of its most recent SEC filing.

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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