Teck Resources Ltd (TCK): Price Target and June Short Interest Disclosure

Teck Resources Ltd (TCK) : 11 investment research analysts covering Teck Resources Ltd (TCK) have an average price target of $9.31 for the near short term. The highest target price given by the Brokerage Firm to the stock is $16 and the lowest target is $3 for the short term. Analysts expect the variance to be within $3.46 of the average price.

The short interest in Teck Resources Ltd (TCK) has increased from 66,448,810 on June 15,2016 to 66,553,642 on June 30,2016. The change was measured at 104,832 shares or 0.2%. The leftover shorts were 11.8% of the floated shares. The days to cover are 8, given the average daily volume of 7,832,486 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Goldman Sachs initiates coverage on Teck Resources Ltd (NYSE:TCK) . The global brokerage major announces a current price target of $12 per share. Analysts at the Goldman Sachs have a current rating of Buy on the shares. The rating by the firm was issued on May 19, 2016.


Teck Resources Ltd (NYSE:TCK): stock turned positive on Thursday. Though the stock opened at $14.41, the bulls momentum made the stock top out at $14.55 level for the day. The stock recorded a low of $14.23 and closed the trading day at $14.38, in the green by 0.63%. The total traded volume for the day was 3,818,956. The stock had closed at $14.29 in the previous days trading.

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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