Teck Resources Ltd (TSE:TCK.B) was upgraded by analysts at Deutsche Bank AG to a “buy” rating in a note issued to investors on Friday, StockTargetPrices.com reports.
TCK.B has been the subject of a number of other research reports. Scotiabank set a C$18.00 target price on Teck Resources and gave the stock a “sector perform” rating in a research report on Friday, August 19th. Raymond James Financial Inc. boosted their target price on Teck Resources from C$19.00 to C$21.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 24th. Barclays PLC reissued an “underweight” rating on shares of Teck Resources in a research report on Tuesday, August 2nd. TD Securities boosted their target price on Teck Resources from C$22.00 to C$24.00 and gave the stock a “buy” rating in a research report on Sunday, July 31st. Finally, CIBC boosted their target price on Teck Resources from C$16.00 to C$23.00 in a research report on Friday, July 29th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus 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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