Teck Resources Ltd (TCK) Receives Price Target

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 9 Wall Street Brokerage Firms. The average price target for shares are $14.71 with an expected fluctuation of $4.41 from the mean.

Teck Resources Ltd (TCK) : 13 analysts are covering Teck Resources Ltd (TCK) and their average rating on the stock is 3.48, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 4 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Bernstein initiates coverage on Teck Resources Ltd (NYSE:TCK). In the latest research report, Bernstein announces the target price to $10 per share. According to the latest information available, the shares are now rated Sell by the analysts at the agency. The rating by the firm was issued on August 19, 2016.

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 $16.35 and $16.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.53, notching a gain of 1.66% for the day. The total traded volume was 7,254,161 . The stock had closed at $16.26 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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