Published On: Tue, Sep 13th, 2016

Recent Research Analysts’ Ratings Changes for Teck Resources (TCK)

Several brokerages have updated their recommendations and price targets on shares of Teck Resources (NYSE: TCK) in the last few weeks:

9/10/2016 – Teck Resources had its “sector perform” rating reaffirmed by analysts at Scotiabank. They now have a $24.00 price target on the stock, up previously from $18.00.
8/31/2016 – Teck Resources had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $16.00 price target on the stock.
8/25/2016 – Teck Resources had its “buy” rating reaffirmed by analysts at TD Securities. They now have a $24.00 price target on the stock.
8/25/2016 – Teck Resources had its “market perform” rating reaffirmed by analysts at Raymond James Financial Inc.. They now have a $21.00 price target on the stock, up previously from $19.00.
8/19/2016 – Teck Resources is now covered by analysts at Berenberg Bank. They set a “sell” rating and a $10.00 price target on the stock.
8/19/2016 – Teck Resources had its “sell” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $10.00 price target on the stock.
8/12/2016 – Teck Resources was downgraded by analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating. They now have a $23.00 price target on the stock, up previously from $16.00.
8/12/2016 – Teck Resources was downgraded by analysts at RBC Capital Markets from an “outperform” rating to a “sector perform” rating. They now have a $23.00 price target on the stock, up previously from $16.00.
8/4/2016 – Teck Resources was upgraded by analysts at Raymond James Financial Inc. from an “underperform” rating to a “market perform” rating.
8/3/2016 – Teck Resources had its “underweight” rating reaffirmed by analysts at Barclays PLC.
8/1/2016 – Teck Resources was downgraded by analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating. They now have a $13.00 price target on the stock.
7/30/2016 – Teck Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Teck Resources Limited is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy. It is a world leader in the production of copper, metallurgical coal and zinc, a significant producer of gold, molybdenum and specialty metals, with interests in several oil sands development assets. Headquartered in Vancouver, Canada, the company has expertise across the full range of activities related to mining, including exploration, development, smelting, refining, safety, environmental protection, product stewardship, recycling and research. The Company is actively exploring in countries throughout the Americas, Asia Pacific, Europe and Africa. Teck Resources Limited, formerly Teck Cominco Limited, is headquartered in Vancouver, Canada. “
7/29/2016 – Teck Resources had its price target raised by analysts at Deutsche Bank AG from $10.00 to $11.50. They now have a “sell” rating on the stock.
7/26/2016 – Teck Resources had its “buy” rating reaffirmed by analysts at TD Securities. They now have a $22.00 price target on the stock.
7/26/2016 – Teck Resources was upgraded by analysts at Canaccord Genuity from a “sell” rating to a “hold” rating. They now have a $16.50 price target on the stock, up previously from $8.00.
7/20/2016 – Teck Resources had its price target raised by analysts at FBR & Co from $15.00 to $16.00. They now have a “mkt perform” rating on the stock.
7/19/2016 – Teck Resources had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $16.00 price target on the stock.
7/18/2016 – Teck Resources was upgraded by analysts at Clarkson Capital from a “neutral” rating to a “buy” rating.

Shares of Teck Resources Ltd. (NYSE:TCK) opened at 16.67 on Tuesday. Teck Resources Ltd. has a 12-month low of $2.56 and a 12-month high of $17.90. The company has a 50 day moving average of $16.04 and a 200-day moving average of $11.66. The firm’s market cap is $9.61 billion.

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Teck Resources (NYSE:TCK) last issued its earnings results on Thursday, July 28th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Teck Resources had a negative net margin of 32.87% and a positive return on equity of 0.39%. The firm’s revenue was down 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. Analysts predict that Teck Resources Ltd. will post $0.41 EPS for the current year.
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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