Teck Resources Ltd (TCK) Shares are Up 1.14%

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 0.52% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.81%, 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 1.14% in the last 1 week, and is up 0.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.01% and the fifty day Moving Average is 11.27%. Teck Resources Limited is up 68.26% in the last three month period. Year-to-Date the stock performance stands at 315.41%.

Teck Resources Ltd (TCK) : 9 Wall Street analysts covering Teck Resources Ltd (TCK) believe that the average level the stock could reach for the short term is $14.71. The maximum price target given is $23 and the minimum target for short term is around $7, hence the standard deviation is calculated at $4.41.


Teck Resources Ltd (NYSE:TCK): On Fridays trading session , Opening price of the stock was $16.62 with an intraday high of $17.01. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.95. However, the stock managed to close at $15.98, a loss of 2.80% for the day. On the previous day, the stock had closed at $16.44. The total traded volume of the day was 8,498,291 shares.

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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