TD Securities set a C$40.00 price target on Teck Resources Ltd (TSE:TECK.B) in a report published on Thursday morning. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently issued reports on TECK.B. Royal Bank Of Canada restated an outperform rating on shares of Teck Resources in a research note on Thursday. Canaccord Genuity lowered their target price on Teck Resources from C$43.00 to C$39.50 and set a buy rating on the stock in a research note on Thursday. Scotiabank reiterated an outperform rating and issued a C$37.00 target price on shares of Teck Resources in a research note on Thursday, February 9th. BMO Capital Markets reiterated an outperform rating and issued a C$43.00 target price on shares of Teck Resources in a research note on Thursday, February 2nd. Finally, FBR & Co upgraded Teck Resources from a market perform rating to an outperform rating and lifted their target price for the company from C$33.00 to C$38.00 in a research note on Monday, January 23rd. Eight analysts have rated the stock with a buy rating, The stock has an average rating of Buy and an average price target of C$38.61.

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Teck Resources Company Profile

Teck Resources Ltd is a Canada-based company, 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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