Teck Resources Ltd (TCK.B) PT Raised to C$29.00
Teck Resources Ltd (TSE:TCK.B) had its price target upped by research analysts at Paradigm Capital from C$23.75 to C$29.00 in a report issued on Wednesday, StockTargetPrices.com reports. The firm currently has a “buy” rating on the stock.
Several other research analysts also recently issued reports on the stock. Barclays PLC reduced their price target on shares of Teck Resources from C$16.00 to C$8.00 in a research report on Tuesday, July 26th. TD Securities upped their price target on shares of Teck Resources from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research report on Thursday, June 30th. National Bank Financial upped their price target on shares of Teck Resources from C$13.50 to C$22.00 in a research report on Monday, July 18th. Scotiabank upped their price target on shares of Teck Resources from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Monday, June 27th. Finally, CIBC upped their price target on shares of Teck Resources from C$23.00 to C$28.00 in a research report on Wednesday, September 14th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of C$17.53.
Teck Resources Company Profile
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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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