Scotiabank Reiterates Sector Perform Rating for Teck Resources Ltd (TCK.B)
Teck Resources Ltd (TSE:TCK.B)‘s stock had its “sector perform” rating restated by stock analysts at Scotiabank in a research note issued on Tuesday. They currently have a C$27.00 price target on the stock.
TCK.B has been the topic of a number of other reports. Raymond James Financial Inc. lifted their target price on Teck Resources from C$19.00 to C$21.00 and gave the stock a “market perform” rating in a report on Wednesday, August 24th. Barclays PLC reiterated an “underweight” rating on shares of Teck Resources in a research report on Tuesday, August 2nd. TD Securities increased their price target on Teck Resources from C$22.00 to C$24.00 and gave the company a “buy” rating in a research report on Sunday, July 31st. CIBC increased their price target on Teck Resources from C$16.00 to C$23.00 in a research report on Friday, July 29th. Finally, Paradigm Capital increased their price target on Teck Resources from C$23.75 to C$29.00 and gave the company a “buy” rating in a research report on Wednesday, September 21st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of C$18.78.
Teck Resources Company Profile
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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