Teck Resources Ltd (TCK.B) PT Raised to C$31.50 at Dundee Securities
Teck Resources Ltd (TSE:TCK.B) had its price objective hoisted by analysts at Dundee Securities from C$21.00 to C$31.50 in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the stock.
TCK.B has been the subject of several other reports. Paradigm Capital lifted their target price on shares of Teck Resources from C$23.75 to C$29.00 and gave the stock a “buy” rating in a report on Wednesday, September 21st. Scotiabank lifted their target price on shares of Teck Resources from C$18.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Friday, September 9th. BMO Capital Markets lifted their target price on shares of Teck Resources from C$16.00 to C$22.50 in a report on Thursday, September 29th. CIBC lifted their target price on shares of Teck Resources from C$23.00 to C$28.00 in a report on Wednesday, September 14th. Finally, Deutsche Bank AG raised shares of Teck Resources to a “buy” rating in a report on Friday, October 7th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. Teck Resources presently has an average rating of “Hold” and a consensus target price of C$22.17.
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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