Other equities research analysts also recently issued reports about the stock. TD Securities lifted their price target on shares of Teck Resources from C$22.00 to C$24.00 and gave the company a buy rating in a research note on Sunday, July 31st. Barclays PLC reduced their price objective on shares of Teck Resources from C$16.00 to C$8.00 in a report on Tuesday, July 26th. Scotiabank lifted their price objective on shares of Teck Resources from C$12.00 to C$13.00 and gave the company a sector perform rating in a report on Monday, June 27th. Canaccord Genuity lifted their price objective on shares of Teck Resources from C$16.50 to C$19.50 in a report on Friday, July 29th. Finally, Berenberg Bank set a C$13.00 price objective on shares of Teck Resources and gave the company a sell rating in a report on Friday, August 19th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. Teck Resources has an average rating of Hold and an average target price of C$18.41.
Teck Resources Company Profile
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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