Short Term Price Target on Teck Resources Ltd (TCK)

Teck Resources Ltd (NYSE:TCK) : The highest short term price target forecast on Teck Resources Ltd (NYSE:TCK) is $16 and the lowest target price is $3. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $9.04 with a standard deviation of $3.52.

Shares of Teck Resources Limited rose by 3.05% in the last five trading days and 36.95% for the last 4 weeks. Teck Resources Limited is up 69.86% in the last 3-month period. Year-to-Date the stock performance stands at 242.36%. Also, Goldman Sachs initiates coverage on Teck Resources Ltd (NYSE:TCK) In a research note issued to the investors, the brokerage major announces price-target of $12 per share.The shares have been rated Buy. The rating by the firm was issued on May 19, 2016.

Teck Resources Ltd (NYSE:TCK) has an average broker rating of 3.33, which is interpreted as a Hold, as rated by 13 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 4 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Teck Resources Ltd (NYSE:TCK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.65 and $12.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.17, notching a gain of 4.94% for the day. The total traded volume was 9,439,832 . The stock had closed at $12.55 on the previous day.

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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