CIBC set a C$80.00 price target on Teck Resources (TSE:TECK.B – Free Report) in a report released on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other analysts also recently weighed in on the stock. Scotiabank increased their target price on shares of Teck Resources from C$75.00 to C$83.00 and gave the company an outperform rating in a research report on Thursday, May 30th. Bank of America decreased their target price on shares of Teck Resources from C$88.00 to C$87.00 in a research report on Friday, July 5th. Jefferies Financial Group raised their price objective on shares of Teck Resources from C$80.00 to C$85.00 in a research report on Monday, July 8th. Raymond James raised their price objective on shares of Teck Resources from C$70.00 to C$71.00 and gave the stock an outperform rating in a research report on Monday, April 29th. Finally, Canaccord Genuity Group raised their price objective on shares of Teck Resources from C$75.00 to C$80.00 in a research report on Monday, May 13th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teck Resources presently has an average rating of Buy and an average price target of C$76.17.
Check Out Our Latest Analysis on TECK.B
Teck Resources Stock Performance
Teck Resources Company Profile
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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