Teck Resources (TECK.B) Receives “Outperform” Rating from Raymond James

Raymond James reissued their outperform rating on shares of Teck Resources (TSE:TECK.B) in a report released on Friday morning. Raymond James currently has a C$44.00 price objective on the stock.

Other equities analysts also recently issued reports about the company. CIBC increased their target price on Teck Resources from C$45.00 to C$46.00 in a research report on Friday, July 27th. National Bank Financial reduced their target price on Teck Resources from C$45.00 to C$42.25 in a research report on Saturday, July 14th. Finally, Barclays reiterated an overweight rating on shares of Teck Resources in a research report on Wednesday, October 10th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of C$43.52.

Shares of TECK.B traded down C$0.03 during trading hours on Friday, reaching C$24.80. 5,105,700 shares of the company traded hands, compared to its average volume of 1,990,000. Teck Resources has a fifty-two week low of C$19.27 and a fifty-two week high of C$38.66.

Teck Resources Company Profile

Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.

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Analyst Recommendations for Teck Resources (TSE:TECK.B)

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