Teck Resources Ltd (TSE:TECK.B – Get Free Report) has received a consensus rating of “Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$64.31.
TECK.B has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on Teck Resources from C$68.00 to C$71.00 in a report on Monday, October 16th. National Bankshares upgraded Teck Resources from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$67.00 to C$70.00 in a report on Friday, July 28th. Canaccord Genuity Group lowered their target price on Teck Resources from C$71.00 to C$66.00 and set a “buy” rating for the company in a report on Thursday, October 26th. JPMorgan Chase & Co. set a C$52.00 price objective on Teck Resources and gave the company an “overweight” rating in a report on Tuesday, October 17th. Finally, Jefferies Financial Group decreased their price objective on Teck Resources from C$80.00 to C$70.00 and set a “buy” rating for the company in a report on Wednesday, October 25th.
Teck Resources Stock Up 3.2 %
About Teck Resources
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.
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