Teck Resources Ltd. (NYSE:TCK) shares reached a new 52-week high on Friday . The company traded as high as $17.43 and last traded at $17.02, with a volume of 4,974,030 shares trading hands. The stock had previously closed at $16.53.

A number of research firms have weighed in on TCK. Raymond James Financial Inc. reiterated a “market perform” rating and set a $21.00 price objective (up previously from $19.00) on shares of Teck Resources in a research report on Thursday, August 25th. Zacks Investment Research upgraded shares of Teck Resources from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Saturday, July 9th. Paradigm Capital reiterated a “buy” rating and set a $17.00 price objective (up previously from $7.75) on shares of Teck Resources in a research report on Thursday, May 5th. Barclays PLC reiterated an “underweight” rating on shares of Teck Resources in a research report on Wednesday, August 3rd. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Teck Resources in a research report on Tuesday, June 28th. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.95.

The company’s 50-day moving average is $15.43 and its 200 day moving average is $11.06. The company’s market capitalization is $9.76 billion.

Teck Resources (NYSE:TCK) last released its earnings results 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 firm earned $1.74 billion during the quarter, compared to analyst estimates of $1.33 billion. The business’s revenue was down 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. On average, equities research analysts anticipate that Teck Resources Ltd. will post $0.39 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Teck Resources stock. I.G. Investment Management LTD. boosted its stake in shares of Teck Resources Ltd. (NYSE:TCK) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 about 0.15% of Teck Resources worth $3,342,000 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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