Brokerages Set Teck Resources Ltd (TECK.B) Target Price at $42.65
Teck Resources Ltd (TSE:TECK.B) has earned an average rating of “Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$42.65.
Several equities analysts have recently weighed in on the stock. CIBC lowered their price objective on shares of Teck Resources from C$46.00 to C$45.00 in a research note on Friday, April 27th. National Bank Financial lowered their price objective on shares of Teck Resources from C$45.00 to C$42.25 in a research note on Saturday, July 14th.
Shares of TSE TECK.B opened at C$29.36 on Tuesday. Teck Resources has a 52-week low of C$19.27 and a 52-week high of C$38.66.
Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.
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