Teck Resources Limited Rating Reiterated by Deutsche Bank (TCK)
Teck Resources Limited (NYSE:TCK)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Tuesday, StockRatingsNetwork reports. They currently have a $26.00 target price on the stock. Deutsche Bank’s price objective suggests a potential downside of 10.07% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Haywood Securities cut their price target on shares of Teck Resources Limited from $32.00 to $30.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Teck Resources Limited from $29.00 to $31.00 in a research note to investors on Wednesday, October 16th. Finally, analysts at Citigroup Inc. initiated coverage on shares of Teck Resources Limited in a research note to investors on Friday, September 27th. They set a “neutral” rating on the stock. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $31.79.
Shares of Teck Resources Limited (NYSE:TCK) traded up 4.44% during mid-day trading on Tuesday, hitting $28.91. The stock had a trading volume of 5,013,717 shares. Teck Resources Limited has a one year low of $19.98 and a one year high of $38.57. The stock has a 50-day moving average of $25.9 and a 200-day moving average of $26.03. The company has a market cap of $16.661 billion and a price-to-earnings ratio of 24.07.
Teck Resources Limited (NYSE:TCK) last announced its earnings results on Thursday, July 25th. The company reported $0.34 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.34. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.09 billion. Analysts expect that Teck Resources Limited will post $1.67 EPS for the current fiscal year.
Teck Resources Limited (NYSE:TCK), formerly Teck Cominco Limited, is engaged in mining and related activities, including exploration, development, processing, smelting and refining.
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