A number of other equities analysts have also weighed in on the company. Raymond James Financial Inc. increased their price target on Teck Resources from C$7.00 to C$8.50 and gave the company an underperform rating in a research report on Friday, June 24th. Scotiabank increased their price target on 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. TD Securities increased their price target on 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 target on Teck Resources from C$13.50 to C$22.00 in a research report on Monday, July 18th. Finally, Royal Bank Of Canada reiterated an outperform rating and issued a C$16.00 price target on shares of Teck Resources in a research report on Tuesday, July 19th. Three equities research 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’s stock. The stock currently has a consensus rating of Hold and an average price target 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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