Teck Resources Ltd (TSE:TECK.B) has been given a C$33.00 price objective by equities researchers at Scotiabank in a research report issued to clients and investors on Tuesday, August 8th. The brokerage presently has an “outperform” rating on the stock.
Several other equities analysts have also commented on TECK.B. CSFB initiated coverage on shares of Teck Resources in a research note on Thursday, April 13th. They issued an “outperform” rating on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$40.00 price target on shares of Teck Resources in a research note on Tuesday, April 18th. TD Securities set a C$40.00 price target on shares of Teck Resources and gave the company a “buy” rating in a research note on Wednesday, April 26th. National Bank Financial dropped their price target on shares of Teck Resources from C$42.50 to C$38.00 in a research note on Friday, June 16th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$41.00 target price on shares of Teck Resources in a research report on Monday, June 19th. Thirteen investment analysts have rated the stock with a buy rating, Teck Resources currently has an average rating of “Buy” and an average price target of C$36.42.
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Teck Resources Company Profile
Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.
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