RBC Capital Markets Increases Teck Resources Ltd (TCK.B) Price Target to C$40.00
Teck Resources Ltd (TSE:TCK.B) (NYSE:TCK) had its price target upped by RBC Capital Markets from C$35.00 to C$40.00 in a report published on Thursday. The firm currently has an outperform rating on the stock.
A number of other research analysts have also recently weighed in on TCK.B. Canaccord Genuity raised their price objective on shares of Teck Resources from C$16.50 to C$19.50 in a research note on Friday, July 29th. CIBC raised their price objective on shares of Teck Resources from C$16.00 to C$23.00 in a research note on Friday, July 29th. Scotiabank raised their price objective on shares of Teck Resources from C$17.00 to C$18.00 and gave the stock a sector perform rating in a research note on Friday, July 29th. TD Securities raised their price objective on shares of Teck Resources from C$22.00 to C$24.00 and gave the stock a buy rating in a research note on Sunday, July 31st. Finally, Barclays PLC reissued an underweight rating on shares of Teck Resources in a research note on Tuesday, August 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Teck Resources currently has an average rating of Hold and a consensus price target of C$28.68.
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In other Teck Resources news, insider Tim Watson sold 30,666 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of C$29.46, for a total value of C$903,420.36. Also, insider Ray Reipas sold 30,000 shares of the business’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of C$28.87, for a total transaction of C$866,100.00.
About Teck Resources
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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