November 30, 2016 - By Clifton Ray
Berenberg upgraded Teck Resources Ltd (NYSE:TCK)‘s stock to a “Hold” rating from “Sell”. The rating change was revealed to clients in a a research note today.
Out of 18 analysts covering Teck Resources (NYSE:TCK), 9 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 50% are positive. $30 is the highest target while $4 is the lowest. The $13.13 average target is -48.61% below today’s ($25.55) stock price. Teck Resources has been the topic of 32 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Buy” rating by TD Securities on Friday, April 1. JP Morgan maintained the stock with “Neutral” rating in Tuesday, April 19 report. The rating was maintained by Deutsche Bank on Wednesday, November 16 with “Buy”. As per Tuesday, November 15, the company rating was upgraded by Goldman Sachs. As per Friday, October 16, the company rating was maintained by TheStreet. The stock has “Buy” rating given by Clarkson Platou on Monday, July 18. On Friday, October 23 the stock rating was downgraded by Deutsche Bank to “Sell”. Morgan Stanley upgraded Teck Resources Ltd (USA) (NYSE:TCK) on Thursday, September 15 to “Equal-Weight” rating. The firm has “Underperform” rating by Raymond James given on Thursday, March 24. Credit Suisse upgraded Teck Resources Ltd (USA) (NYSE:TCK) on Monday, October 17 to “Outperform” rating.
About 4.04 million shares traded hands. Teck Resources Ltd (USA) (NYSE:TCK) has risen 123.21% since April 27, 2016 and is uptrending. It has outperformed by 117.98% the S&P500.
Analysts await Teck Resources Ltd (USA) (NYSE:TCK) to report earnings on February, 9. They expect $0.97 EPS, up 4,750.00% or $0.95 from last year’s $0.02 per share. TCK’s profit will be $545.34M for 6.59 P/E if the $0.97 EPS becomes a reality. After $0.20 actual EPS reported by Teck Resources Ltd (USA) for the previous quarter, Wall Street now forecasts 385.00% EPS growth.
Teck Resources Limited is engaged in the business of exploring for, acquiring, developing and producing natural resources. The company has a market cap of $14.37 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.
According to Zacks Investment Research, “Teck Resources Limited is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy. It is a world leader in the production of copper, metallurgical coal and zinc, a significant producer of gold, molybdenum and specialty metals, with interests in several oil sands development assets. Headquartered in Vancouver, Canada, the company has expertise across the full range of activities related to mining, including exploration, development, smelting, refining, safety, environmental protection, product stewardship, recycling and research. The Company is actively exploring in countries throughout the Americas, Asia Pacific, Europe and Africa. Teck Resources Limited, formerly Teck Cominco Limited, is headquartered in Vancouver, Canada.”
More notable recent Teck Resources Ltd (USA) (NYSE:TCK) news were published by: Investorplace.com which released: “Investing in the Trump Economy: Coal and Teck Resources Ltd (USA) (TCK)” on November 22, 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: “Teck Resources Ltd.: Next Stop $40?” on October 12, 2016. More interesting news about Teck Resources Ltd (USA) (NYSE:TCK) were released by: Fool.ca and their article: “Trump Effect Driving Copper Higher: Time to Buy Teck Resources Ltd.?” published on November 10, 2016 as well as Fool.ca‘s news article titled: “What’s Next for Teck Resources Ltd.?” with publication date: October 20, 2016.
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By Clifton Ray