Teck Resources Ltd (TCK.B) Price Target Raised to C$35.00
TCK.B has been the subject of several other reports. TD Securities boosted their price objective on shares of Teck Resources from C$33.00 to C$35.00 and gave the company a buy rating in a research report on Friday, October 28th. Canaccord Genuity boosted their price objective on shares of Teck Resources from C$19.50 to C$28.50 and gave the company a hold rating in a research report on Monday, October 24th. Scotiabank restated a sector perform rating and set a C$27.00 price objective on shares of Teck Resources in a research report on Tuesday, October 11th. Berenberg Bank boosted their price objective on shares of Teck Resources from C$13.00 to C$25.50 and gave the company a sell rating in a research report on Monday, October 31st. Finally, Barclays PLC upgraded shares of Teck Resources from an equal weight rating to an overweight rating and boosted their price objective for the company from C$22.00 to C$36.00 in a research report on Thursday, November 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of C$29.21.
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In other news, insider Ray Reipas sold 30,000 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of C$28.87, for a total transaction of C$866,100.00. Also, insider Tim Watson sold 30,666 shares of the stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of C$29.46, for a total transaction of C$903,420.36.
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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