Zacks Rating 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) stock is expected to deviate a maximum of $4.38 from the average target price of $14.52 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $23 and the most muted being $7.


Teck Resources Limited has dropped 0.31% in the last five trading days, however, the shares have posted positive gains of 20.4% in the last 4 weeks. Teck Resources Limited is up 75.68% in the last 3-month period. Year-to-Date the stock performance stands at 321.91%. Teck Resources Ltd (NYSE:TCK): stock turned positive on Tuesday. Though the stock opened at $16.19, the bulls momentum made the stock top out at $16.44 level for the day. The stock recorded a low of $16.08 and closed the trading day at $16.23, in the green by 1.25%. The total traded volume for the day was 6,623,319. The stock had closed at $16.03 in the previous days trading.

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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