Rating Watching: Teck Resources (TSE:TCK.B) Had Its Target Price Upped by Equity Analysts at RBC Capital Markets to $40.00

November 24, 2016 - By whatsonthorold

Teck Resources (TSE:TCK.B) Target Upped

In an analyst note shared with investors by RBC Capital Markets on Thursday, 24 November, Teck Resources (TSE:TCK.B) had its price target boosted to $40.00. The firm at present has Outperform rating on the stock.

Teck Resources Ltd (TSE:TCK.B) Ratings Coverage

Out of 10 analysts covering Teck Resources (TSE:TCK.B), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. $35 is the highest target while $8.50 is the lowest. The $26.77 average target is -23.60% below today’s ($35.04) stock price. Teck Resources has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, October 28. The firm has “Buy” rating by TD Securities given on Wednesday, August 24. The rating was upgraded by IBC to “Sector Outperformer” on Friday, October 2. The stock of Teck Resources Ltd (TSE:TCK.B) earned “Sector Perform” rating by Scotia Capital on Tuesday, October 11. RBC Capital Markets upgraded the shares of TCK.B in a report on Monday, October 17 to “Outperform” rating. The company was upgraded on Thursday, November 17 by Barclays Capital.

About 1.12 million shares traded hands. Teck Resources Ltd (TSE:TCK.B) has risen 150.25% since April 20, 2016 and is uptrending. It has outperformed by 144.84% the S&P500.

Teck Resources Limited is engaged in the business of exploring for, acquiring, developing and producing natural resources. The company has a market cap of $20.54 billion. The Firm operates through five divisions: steelmaking coal, copper, zinc, energy and corporate. It currently has negative earnings. Through its interests in mining and processing activities in Canada, the United States, Chile and Peru, the Company exports seaborne steelmaking coal and produces mined zinc.

More notable recent Teck Resources Ltd (TSE:TCK.B) news were published by: Business.Financialpost.com which released: “Teck Resources Ltd gets lift from met coal rally” on November 24, 2016, also Fool.ca with their article: “Teck Resources Ltd.: Could it Hit $40 by Year-End?” published on November 22, 2016, Investorplace.com published: “Investing in the Trump Economy: Coal and Teck Resources Ltd (USA) (TCK)” on November 22, 2016. More interesting news about Teck Resources Ltd (TSE:TCK.B) were released by: Fool.com and their article: “Better Buy: Teck Resources Ltd. vs. Vale SA” published on October 31, 2016 as well as Fool.ca‘s news article titled: “Can Teck Resources Ltd. Continue to Soar?” with publication date: November 15, 2016.

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