Brokerage Firm Rating Update on Teck Resources Ltd (TCK)

Teck Resources Ltd (TCK) : The consensus on Teck Resources Ltd (TCK) based on 13 analyst recommendation on the company stock is 3.48, which is interpreted as a Hold 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. 7 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) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $23 and the lowest price target forecast is $7. The average forecast of all the analysts is $14.71 and the expected standard deviation is $4.41.


Company shares have received an average consensus rating of Hold for the current week Also, Bernstein initiates coverage on Teck Resources Ltd (NYSE:TCK) In a research note issued to the investors, the brokerage major announces price-target of $10 per share.The shares have been rated Sell. The rating by the firm was issued on August 19, 2016.

Teck Resources Ltd (NYSE:TCK): stock was range-bound between the intraday low of $16.87 and the intraday high of $17.73 after having opened at $17.51 on Wednesdays session. The stock finally closed in the red at $17.51, a loss of -4.30%. The stock remained in the red for the whole trading day. The total traded volume was 11,700,973 shares. The stock failed to cross $17.73 in Wednesdays trading. The stocks closing price on Thursday was $17.89.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *