BMO Capital Markets reaffirmed their outperform rating on shares of Teck Resources (TSE:TECK.B) in a research note released on Wednesday. BMO Capital Markets currently has a C$48.00 price target on the stock.
A number of other research firms have also commented on TECK.B. Canaccord Genuity raised their price target on Teck Resources from C$39.50 to C$42.50 in a research report on Tuesday. Raymond James reaffirmed an outperform rating and set a C$44.00 price target on shares of Teck Resources in a research report on Friday, October 26th. National Bank Financial raised their price target on Teck Resources from C$38.00 to C$40.00 and gave the stock an outperform rating in a research report on Wednesday, December 5th. Barclays reaffirmed an overweight rating on shares of Teck Resources in a research report on Wednesday, October 10th. Finally, Royal Bank of Canada increased their price objective on Teck Resources from C$48.00 to C$52.00 and gave the stock an outperform rating in a report on Thursday, December 13th. Seven investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of C$45.45.
Shares of TSE TECK.B traded up C$0.11 during mid-day trading on Wednesday, reaching C$30.32. 698,169 shares of the company’s stock were exchanged, compared to its average volume of 1,990,000. Teck Resources has a twelve month low of C$19.27 and a twelve month high of C$38.66.
Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.
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