Teck Resources Ltd (TSE:TCK.B) had its price objective raised by CIBC from C$28.00 to C$31.00 in a research report sent to investors on Wednesday morning. They currently have an outperform rating on the stock.
Other equities research analysts have also issued reports about the company. TD Securities upped their price objective on Teck Resources from C$22.00 to C$24.00 and gave the company a buy rating in a research note on Sunday, July 31st. Barclays PLC lowered their price objective on Teck Resources from C$16.00 to C$8.00 in a research note on Tuesday, July 26th. Scotiabank upped their price objective on Teck Resources from C$12.00 to C$13.00 and gave the company a sector perform rating in a research note on Monday, June 27th. Canaccord Genuity upped their price objective on Teck Resources from C$16.50 to C$19.50 in a research note on Friday, July 29th. Finally, Berenberg Bank set a C$13.00 price target on Teck Resources and gave the stock a sell rating in a research report on Friday, August 19th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Teck Resources presently 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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