Company Shares of Teck Resources Ltd Rally 4.74%

Teck Resources Ltd (NYSE:TCK) has climbed 4.74% in the past week and advanced 21.22% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5.99% and the outperformance has advanced to 20.11% for the last 4 weeks period.

Teck Resources Ltd (NYSE:TCK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.67 and $11.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.94, notching a gain of 4.01% for the day. The total traded volume was 7,572,359 . The stock had closed at $11.48 on the previous day.

The company shares have rallied 10.25% from its 1 Year high price. On Apr 29, 2016, the shares registered one year high at $12.53 and the one year low was seen on Jan 13, 2016. The 50-Day Moving Average price is $10.52 and the 200 Day Moving Average price is recorded at $6.97.

Many analysts have stated their opinion on the company shares. Goldman Sachs initiates coverage on Teck Resources Ltd (NYSE:TCK). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $12 per share. The rating by the firm was issued on May 19, 2016. Institutional Investors own 45.52% of Teck Resources Ltd shares.

Teck Resources Ltd. is engaged in the business of exploring, acquiring, developing and producing natural resources. The Company is focused on steelmaking coal, copper, zinc and energy. The Company exports seaborne steelmaking coal and produces mined zinc. The Company also produces lead, molybdenum, silver, and various specialty and other metals, chemicals and fertilizers. It explores for copper from its interests in Antamina in Peru, Quebrada Blanca and Carmen de Andacollo in Chile and Duck Pond in Newfoundland. The Company has around 97.5% interest in Highland Valley Copper. The Company produces mined zinc, primarily from its Red Dog mine in Alaska, the Antamina mine in northern Peru, and its Pend Oreille mine in Washington State. Its energy assets in the Athabasca oil sands region of northeastern Alberta include its interests in the Fort Hills oil sands project, Frontier oil sands project in various other oil sands leases in the exploration phase, including the Lease 421 Area.

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