Teck Resources Ltd (TCK) Shares are Up 12.79%

Teck Resources Ltd (TCK) : Traders are bullish on Teck Resources Ltd (TCK) as it has outperformed the S&P 500 by a wide margin of 17.96% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12.19%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 12.79% in the last 1 week, and is up 15.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 9.69% and the 50-Day Moving Average is 17.17%.The 200 Day SMA reached 93.29% Teck Resources Limited is up 52.93% in the last 3-month period. Year-to-Date the stock performance stands at 374.68%.


Teck Resources Ltd (TCK) : Average target price received by Teck Resources Ltd (TCK) is $15.92 with an expected standard deviation of $3.66. The most aggressive target on the stock is $23, whereas the most downbeat target is $12. 8 financial analysts are currently covering the stock.

Company shares have received an average consensus rating of Hold for the current week Teck Resources Ltd (NYSE:TCK): The stock opened at $18.03 and touched an intraday high of $18.34 on Friday. During the day, the stock corrected to an intraday low of $17.84, however, the bulls stepped in and pushed the price higher to close in the green at $18.26 with a gain of 0.11% for the day. The total traded volume for the day was 6,850,945. The stock had closed at $18.26 in the previous trading session.

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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