Rating Change: Teck Resources (TSE:TCK.B) Buy Rating Reiterated by TD Securities; With $44.00 Target

November 29, 2016 - By Michael Collier

Teck Resources (TSE:TCK.B) Rating

In analysts report issued to clients on Tuesday, 29 November, Teck Resources (TSE:TCK.B) stock Buy was reconfirmed by TD Securities. They currently have a $44.00 PT on the stock. TD Securities’s PT gives a potential upside of 30.53% from the company’s last stock close price.

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

Out of 9 analysts covering Teck Resources (TSE:TCK.B), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. $44 is the highest target while $8.50 is the lowest. The $28.77 average target is -14.93% below today’s ($33.82) stock price. Teck Resources has been the topic of 44 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was upgraded by RBC Capital Markets on Monday, October 17 to “Outperform”. The rating was maintained by TD Securities on Wednesday, August 24 with “Buy”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, October 28. The stock has “Overweight” rating given by Barclays Capital on Thursday, November 17. Scotia Capital maintained Teck Resources Ltd (TSE:TCK.B) rating on Tuesday, October 11. Scotia Capital has “Sector Perform” rating and $27 price target. IBC upgraded Teck Resources Ltd (TSE:TCK.B) rating on Friday, October 2. IBC has “Sector Outperformer” rating and $16 price target.

About 2.77 million shares traded hands. Teck Resources Ltd (TSE:TCK.B) has risen 165.39% since April 25, 2016 and is uptrending. It has outperformed by 160.13% 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 $19.40 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: Fool.com which released: “Better Buy: Teck Resources Ltd. vs. Vale SA” on October 31, 2016, also Fool.ca with their article: “Teck Resources Ltd.: Could it Hit $40 by Year-End?” published on November 22, 2016, Fool.ca published: “Can Teck Resources Ltd. Continue to Soar?” on November 15, 2016. More interesting news about Teck Resources Ltd (TSE:TCK.B) were released by: Investorplace.com and their article: “Investing in the Trump Economy: Coal and Teck Resources Ltd (USA) (TCK)” published on November 22, 2016 as well as Fool.com‘s news article titled: “Why Teck Resources Limited, CNX Coal Resources LP, and SunCoke Energy Partners …” with publication date: November 09, 2016.

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