Several other research analysts have also issued reports on the company. Barclays PLC reduced their price target on Teck Resources from C$16.00 to C$8.00 in a research report on Tuesday, July 26th. TD Securities raised their price target on Teck Resources from C$17.00 to C$20.00 and gave the stock a buy rating in a research report on Thursday, June 30th. National Bank Financial raised their price objective on Teck Resources from C$13.50 to C$22.00 in a research note on Monday, July 18th. Deutsche Bank AG raised Teck Resources to a buy rating in a research note on Friday, October 7th. Finally, Scotiabank raised their price objective on Teck Resources from C$12.00 to C$13.00 and gave the stock a sector perform rating in a research note on Monday, June 27th. Three research 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’s stock. The stock has a consensus rating of Hold and an average target price of C$22.17.
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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