Teck Resources Ltd (TCK.B) Stock Rating Upgraded by Royal Bank Of Canada
Teck Resources Ltd (TSE:TCK.B) was upgraded by equities research analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Monday, StockTargetPrices.com reports. The brokerage currently has a C$30.00 target price on the stock, up from their prior target price of C$23.00.
Several other analysts also recently issued reports on TCK.B. Barclays PLC boosted their price objective on Teck Resources from C$16.00 to C$22.00 in a report on Monday. Canaccord Genuity boosted their price objective on Teck Resources from C$16.50 to C$19.50 in a report on Friday, July 29th. Scotiabank set a C$18.00 price objective on Teck Resources and gave the stock a “sector perform” rating in a report on Friday, August 19th. Paradigm Capital set a C$23.75 price objective on Teck Resources and gave the stock a “buy” rating in a report on Saturday, August 6th. Finally, BMO Capital Markets boosted their price objective on Teck Resources from C$16.00 to C$22.50 in a report on Thursday, September 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Teck Resources has a consensus rating of “Hold” and a consensus price target of C$21.19.
About Teck Resources
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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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