Shares of Teck Resources Ltd (TSE:TECK.B – Get Free Report) have received a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$76.40.
TECK.B has been the subject of several analyst reports. Jefferies Financial Group upped their price objective on Teck Resources from C$80.00 to C$85.00 in a research note on Monday, July 8th. Eight Capital increased their target price on Teck Resources from C$72.00 to C$75.00 in a research note on Thursday, July 11th. BMO Capital Markets cut their target price on Teck Resources from C$80.00 to C$77.00 in a research note on Thursday, July 25th. CIBC set a C$80.00 target price on Teck Resources and gave the stock an “outperform” rating in a research note on Friday, July 12th. Finally, Raymond James cut their target price on Teck Resources from C$71.00 to C$70.00 in a research note on Thursday, July 25th.
View Our Latest Stock Analysis on TECK.B
Teck Resources Stock Down 0.1 %
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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