Teck Resources Ltd (TCK.B) Receives C$19.75 Average Target Price from Analysts
Teck Resources Ltd (TSE:TCK.B) has been assigned an average rating of “Hold” from the twenty analysts that are presently covering the firm. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$20.50.
TCK.B has been the subject of several recent analyst reports. CIBC boosted their target price on Teck Resources from C$16.00 to C$23.00 in a research note on Friday, July 29th. Canaccord Genuity boosted their target price on Teck Resources from C$16.50 to C$19.50 in a research note on Friday, July 29th. Barclays PLC decreased their target price on Teck Resources from C$16.00 to C$8.00 in a research note on Tuesday, July 26th. National Bank Financial boosted their price objective on Teck Resources from C$13.50 to C$22.00 in a research note on Monday, July 18th. Finally, BMO Capital Markets boosted their price objective on Teck Resources from C$16.00 to C$22.50 in a research note on Thursday, September 29th.
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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