Teck Resources Ltd (TCK.B) Upgraded to Outperform by Royal Bank Of Canada
Teck Resources Ltd (TSE:TCK.B) was upgraded by stock analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, StockTargetPrices.com reports. The brokerage currently has a C$30.00 price target on the stock, up from their prior price target of C$23.00.
Several other research firms have also issued reports on TCK.B. Raymond James Financial Inc. lifted their price target on shares of Teck Resources from C$7.00 to C$8.50 and gave the stock an “underperform” rating in a report on Friday, June 24th. Scotiabank lifted 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 report on Monday, June 27th. TD Securities lifted 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 report on Thursday, June 30th. National Bank Financial lifted their price target on shares of Teck Resources from C$13.50 to C$22.00 in a report on Monday, July 18th. Finally, Canaccord Genuity raised shares of Teck Resources from a “sell” rating to a “hold” rating and lifted their price target for the stock from C$8.00 to C$16.50 in a report on Monday, July 25th. Three analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of C$22.17.
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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