Teck Resources Ltd (TCK.B) PT Raised to C$44.00 at TD Securities
Teck Resources Ltd (TSE:TCK.B) (NYSE:TCK) had its price target increased by TD Securities from C$35.00 to C$44.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the stock.
Several other equities analysts have also weighed in on TCK.B. CIBC lifted their target price on shares of Teck Resources from C$31.00 to C$33.00 in a report on Friday, October 28th. Scotiabank set a C$18.00 price target on shares of Teck Resources and gave the stock a “sector perform” rating in a report on Friday, August 19th. Berenberg Bank boosted their price target on shares of Teck Resources from C$13.00 to C$25.50 and gave the stock a “sell” rating in a report on Monday, October 31st. Paradigm Capital set a C$23.75 price target on shares of Teck Resources and gave the stock a “buy” rating in a report on Saturday, August 6th. Finally, Barclays PLC boosted their price target on shares of Teck Resources from C$16.00 to C$22.00 in a report on Monday, October 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. Teck Resources presently has an average rating of “Buy” and an average price target of C$29.21.
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In related news, insider Tim Watson sold 30,666 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of C$29.46, for a total transaction of C$903,420.36. Also, insider Ray Reipas sold 30,000 shares of the company’s stock in a transaction that occurred 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.
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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