Teck Resources (TSE:TECK.B) had its price objective lifted by investment analysts at Raymond James from C$44.00 to C$45.00 in a report issued on Wednesday. The firm presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 51.36% from the company’s current price.
Several other brokerages also recently weighed in on TECK.B. CIBC lowered their price objective on Teck Resources from C$46.00 to C$44.00 in a research report on Friday, August 31st. National Bank Financial boosted their price objective on Teck Resources from C$38.00 to C$40.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays reiterated an “overweight” rating on shares of Teck Resources in a research report on Wednesday, October 10th. TD Securities reduced their target price on Teck Resources from C$46.00 to C$43.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Finally, JPMorgan Chase & Co. reduced their target price on Teck Resources from C$53.00 to C$49.50 in a research note on Friday, October 26th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Teck Resources has an average rating of “Buy” and an average target price of C$44.00.
TECK.B stock traded up C$0.95 during midday trading on Wednesday, hitting C$29.73. The company had a trading volume of 725,328 shares, compared to its average volume of 1,990,000. Teck Resources has a 52 week low of C$19.27 and a 52 week high of C$38.66.
Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.
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