Shares of Teck Resources Ltd (TSE:TECK.B – Get Free Report) have earned a consensus rating of “Buy” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Eleven analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have covered the stock in the last year is C$77.00.
TECK.B has been the subject of a number of recent analyst reports. Bank of America dropped their price target on shares of Teck Resources from C$88.00 to C$87.00 in a research report on Friday, July 5th. BMO Capital Markets cut their target price on Teck Resources from C$80.00 to C$77.00 in a research report on Thursday, July 25th. National Bankshares upped their price target on Teck Resources from C$82.50 to C$86.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Canaccord Genuity Group dropped their price objective on Teck Resources from C$80.00 to C$76.00 in a research note on Monday, July 22nd. Finally, Jefferies Financial Group increased their target price on Teck Resources from C$80.00 to C$85.00 in a research note on Monday, July 8th.
View Our Latest Stock Analysis on Teck Resources
Teck Resources Stock Up 3.0 %
About Teck Resources
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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