Teck Resources Ltd (TCK.B) PT Raised to C$22.00
Teck Resources Ltd (TSE:TCK.B) had its price target raised by equities research analysts at Barclays PLC from C$16.00 to C$22.00 in a note issued to investors on Monday.
Several other equities analysts have also commented on the stock. TD Securities increased their price objective on shares of Teck Resources from C$17.00 to C$20.00 and gave the company a “buy” rating in a research report on Thursday, June 30th. National Bank Financial increased their price objective on shares of Teck Resources from C$13.50 to C$22.00 in a research report on Monday, July 18th. Deutsche Bank AG upgraded shares of Teck Resources to a “buy” rating in a research report on Friday, October 7th. Scotiabank increased their price objective on shares of Teck Resources from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Monday, June 27th. Finally, CIBC increased their price objective on shares of Teck Resources from C$23.00 to C$28.00 in a research report on Wednesday, September 14th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average 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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