Teck Resources Ltd (TCK.B) PT Raised to C$29.00 at Paradigm Capital
Teck Resources Ltd (TSE:TCK.B) had its price target boosted by stock analysts at Paradigm Capital from C$23.75 to C$29.00 in a report released on Wednesday. The brokerage currently has a “buy” rating on the stock.
Several other brokerages have also recently issued reports on TCK.B. TD Securities lifted their price objective on Teck Resources from C$24.00 to C$30.00 and gave the stock a “buy” rating in a report on Friday, September 16th. CIBC lifted their price objective on Teck Resources from C$23.00 to C$28.00 in a report on Wednesday, September 14th. Scotiabank lifted their price objective on Teck Resources from C$18.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Friday, September 9th. Raymond James Financial Inc. lifted their price objective on Teck Resources from C$19.00 to C$21.00 and gave the stock a “market perform” rating in a report on Wednesday, August 24th. Finally, Berenberg Bank set a C$13.00 price target on Teck Resources and gave the stock a “sell” rating in a report on Friday, August 19th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of C$17.53.
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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