Teck Resources Ltd (TSE:TCK.B) was upgraded by analysts at RBC Capital Markets from a “sector perform” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a C$30.00 target price on the stock, up from their prior target price of C$23.00.
A number of other equities analysts have also recently weighed in on TCK.B. Barclays PLC lifted their price target on shares of Teck Resources from C$16.00 to C$22.00 in a research report on Monday. Royal Bank Of Canada raised shares of Teck Resources from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$23.00 to C$30.00 in a research report on Monday. Canaccord Genuity lifted their price target on shares of Teck Resources from C$16.50 to C$19.50 in a research report on Friday, July 29th. Scotiabank set a C$18.00 price target on shares of Teck Resources and gave the stock a “sector perform” rating in a research report on Friday, August 19th. Finally, Paradigm Capital set a C$23.75 price target on shares of Teck Resources and gave the stock a “buy” rating in a research report on Saturday, August 6th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Teck Resources has a consensus rating of “Hold” and an average target price of C$22.17.
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.
Receive News & Ratings for Teck Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources Ltd and related companies with MarketBeat.com's FREE daily email newsletter.