Teck Resources Limited Stock Rating Reaffirmed by CIBC (TCK)
Teck Resources Limited (NYSE:TCK)‘s stock had its “sector outperform” rating reaffirmed by research analysts at CIBC in a report released on Friday, Analyst Ratings.Net reports. They currently have a $41.00 price objective on the stock. CIBC’s target price points to a potential upside of 41.57% from the stock’s previous close.
A number of other analysts have also recently weighed in on TCK. Analysts at BMO Capital Markets raised their price target on shares of Teck Resources Limited from $30.00 to $33.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Teck Resources Limited in a research note to investors on Tuesday. They now have a $26.00 price target on the stock, down previously from $28.00. Finally, 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. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $31.67.
Teck Resources Limited (NYSE:TCK) traded down 1.13% during mid-day trading on Friday, hitting $28.96. The stock had a trading volume of 1,852,453 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 $16.690 billion and a P/E ratio of 25.47.
Teck Resources Limited (NYSE:TCK) last released its earnings data on Thursday, October 24th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.05. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share.
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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