Teck Resources Ltd (TCK) Receives ‘Analyst’ Rating

Teck Resources Ltd (TCK) : The consensus on Teck Resources Ltd (TCK) based on 12 analyst recommendation on the company stock is 3.53, which is interpreted as a Sell recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 4 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Teck Resources Ltd (TCK).

Teck Resources Ltd (TCK) : The most positive equity analysts on Teck Resources Ltd (TCK) expects the shares to touch $23, whereas, the least positive believes that the stock will trade at $7 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $14.55 with an expected fluctuation of $4.69 from the mean.


Also, Bernstein initiates coverage on Teck Resources Ltd (NYSE:TCK). The rating major has initiated the coverage with sell rating on the shares. The Analysts at Bernstein announces a current price target of $10 per share. The rating by the firm was issued on August 19, 2016.

Teck Resources Ltd (NYSE:TCK): After opening at $17.72, the stock dipped to an intraday low of $17.42 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $18.5 and the buying power remained strong till the end. The stock closed at $18.24 for the day, a gain of 5.62% for the day session. The total traded volume was 12,286,922. The stocks close on the previous trading day was $17.27.

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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