Teck Resources Ltd. (NYSE:TCK)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $17.43 and last traded at $17.02, with a volume of 4,974,030 shares changing hands. The stock had previously closed at $16.53.

TCK has been the subject of several recent research reports. Sanford C. Bernstein reiterated a “sell” rating and issued a $10.00 price objective on shares of Teck Resources in a research note on Friday, August 19th. TD Securities reiterated a “buy” rating and issued a $24.00 price objective on shares of Teck Resources in a research note on Thursday, August 25th. Berenberg Bank initiated coverage on Teck Resources in a research note on Friday, August 19th. They issued a “sell” rating and a $10.00 price objective for the company. Zacks Investment Research upgraded Teck Resources from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Saturday, July 9th. Finally, BMO Capital Markets restated a “hold” rating and set a $16.00 target price on shares of Teck Resources in a research note on Wednesday. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.95.

The company has a 50 day moving average price of $15.53 and a 200-day moving average price of $11.14. The stock’s market cap is $9.79 billion.

Teck Resources (NYSE:TCK) last released its earnings results on Thursday, July 28th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business earned $0.14 EPS. The company’s quarterly revenue was down 13.0% on a year-over-year basis. Analysts predict that Teck Resources Ltd. will post $0.39 EPS for the current 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 13F filing with the 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 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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