Teck Resources Ltd (TSE:TECK.B) had its price objective lowered by Royal Bank of Canada from C$40.00 to C$38.00 in a research note issued to investors on Thursday morning. The firm currently has an outperform rating on the stock.
Several other research analysts have also recently weighed in on TECK.B. Canaccord Genuity raised shares of Teck Resources from a hold rating to a buy rating and boosted their price objective for the company from C$29.00 to C$43.00 in a report on Monday, December 12th. Dundee Securities boosted their price objective on shares of Teck Resources from C$34.00 to C$40.00 and gave the company a buy rating in a report on Tuesday, December 13th. Scotiabank boosted their price objective on shares of Teck Resources from C$34.00 to C$35.00 and gave the company a sector perform rating in a report on Tuesday, December 13th. J P Morgan Chase & Co decreased their price objective on shares of Teck Resources from C$48.00 to C$32.00 in a report on Monday, January 23rd. Finally, FBR & Co raised shares of Teck Resources from a market perform rating to an outperform rating and boosted their price objective for the company from C$33.00 to C$38.00 in a report on Monday, January 23rd. Nine equities research analysts have rated the stock with a buy rating, Teck Resources has an average rating of Buy and an average price target of C$38.35.
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Teck Resources Ltd is a Canada-based company, engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company operates through five segments: steelmaking coal, copper, zinc, energy and corporate. Through its interests in mining and processing operations in Canada, the United States, Chile and Peru, the Company exports seaborne steelmaking coal and produces mined zinc.