Published On: Fri, Sep 16th, 2016

Teck Resources Ltd (TCK.B) PT Raised to C$30.00

Teck Resources Ltd (TSE:TCK.B) had its target price raised by equities research analysts at TD Securities from C$24.00 to C$30.00 in a research note issued on Friday. The firm presently has a “buy” rating on the stock.
A number of other research firms have also recently weighed in on TCK.B. Paradigm Capital set a C$23.75 target price on shares of Teck Resources and gave the company a “buy” rating in a research note on Saturday, August 6th. Barclays PLC reissued an “underweight” rating on shares of Teck Resources in a research note on Tuesday, August 2nd. Scotiabank upped their target price on shares of Teck Resources from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, July 29th. CIBC upped their target price on shares of Teck Resources from C$16.00 to C$23.00 in a research note on Friday, July 29th. Finally, Canaccord Genuity upped their target price on shares of Teck Resources from C$16.50 to C$19.50 in a research note on Friday, July 29th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$17.22.

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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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