Teck Resources Ltd (TCK.B) Earns “Buy” Rating from TD Securities
TD Securities reaffirmed their buy rating on shares of Teck Resources Ltd (TSE:TCK.B) in a research note issued to investors on Friday morning. They currently have a C$30.00 target price on the stock.
Other equities analysts also recently issued research reports about the stock. Scotiabank set a C$18.00 price target on shares of Teck Resources and gave the stock a sector perform rating in a research note on Friday, August 19th. Dundee Securities increased their price target on shares of Teck Resources from C$17.00 to C$21.00 and gave the stock a neutral rating in a research note on Thursday, August 18th. Paradigm Capital set a C$23.75 price target on shares of Teck Resources and gave the stock a buy rating in a research note on Saturday, August 6th. Barclays PLC reaffirmed an underweight rating on shares of Teck Resources in a research note on Tuesday, August 2nd. Finally, CIBC increased their price target on shares of Teck Resources from C$16.00 to C$23.00 in a research note on Friday, July 29th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of C$18.41.
About Teck Resources
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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