Other analysts have also issued research reports about the company. CIBC lifted their target price on Teck Resources from C$16.00 to C$23.00 in a report on Friday, July 29th. Canaccord Genuity raised their price target on Teck Resources from C$16.50 to C$19.50 in a research note on Friday, July 29th. Barclays PLC dropped their price target on Teck Resources from C$16.00 to C$8.00 in a research note on Tuesday, July 26th. National Bank Financial raised their price target on Teck Resources from C$13.50 to C$22.00 in a research note on Monday, July 18th. Finally, BMO Capital Markets raised their price target on Teck Resources from C$16.00 to C$22.50 in a research note on Thursday, September 29th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Teck Resources has an average rating of Hold and a consensus price target of C$18.59.
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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