Teck Resources Ltd (TSE:TECK.B)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a report released on Friday, StockTargetPrices.com reports.
A number of other equities research analysts also recently weighed in on TECK.B. Scotiabank upgraded Teck Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$35.00 to C$37.00 in a report on Tuesday, January 10th. FBR & Co upgraded Teck Resources from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$33.00 to C$38.00 in a report on Monday, January 23rd. Dundee Securities lifted their target price on Teck Resources from C$34.00 to C$40.00 and gave the stock a “buy” rating in a report on Tuesday, December 13th. J P Morgan Chase & Co lowered their target price on Teck Resources from C$48.00 to C$32.00 in a report on Monday, January 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$43.00 target price on shares of Teck Resources in a report on Thursday, February 2nd. Six research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of C$39.13.
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Teck Resources Company Profile
Teck Resources Ltd is a Canada-based company, 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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