Teck Resources Ltd (TCK.B) PT Raised to C$29.00 at Paradigm Capital

Teck Resources Ltd (TSE:TCK.B) had its price target upped by Paradigm Capital from C$23.75 to C$29.00 in a research report sent to investors on Wednesday. They currently have a buy rating on the stock.

TCK.B has been the subject of several other research reports. Scotiabank lifted their price target on shares of Teck Resources from C$18.00 to C$24.00 and gave the company a sector perform rating in a research note on Friday, September 9th. CIBC lifted their price objective on shares of Teck Resources from C$23.00 to C$28.00 in a report on Wednesday, September 14th. TD Securities lifted their price objective on shares of Teck Resources from C$24.00 to C$30.00 and gave the company a buy rating in a report on Friday, September 16th. National Bank Financial lifted their price objective on shares of Teck Resources from C$13.50 to C$22.00 in a report on Monday, July 18th. Finally, Royal Bank Of Canada reissued an outperform rating and set a C$16.00 price objective on shares of Teck Resources in a report on Tuesday, July 19th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of C$18.13.

Analyst Recommendations for Teck Resources (TSE:TCK.B)

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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