Berenberg upgraded Teck Resources (NYSE:TCK) from Sell to Hold in a report released today.
- Updated: November 30, 2016
Yesterday Teck Resources (NYSE:TCK) traded 2.30% higher at $25.20. The company’s 50-day moving average is $21.65 and its 200-day moving average is $16.22. The last stock close price is up 58.90% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 524,272 shares of the stock were exchanged, down from an average trading volume of 8,556,780
Berenberg has upgraded Teck Resources (NYSE:TCK) from Sell to Hold in a report released on 11/30/2016.
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Teck Resources has a 52 week low of $2.56 and a 52 week high of $26.60 The company’s market cap is currently $0.
In addition to Berenberg reporting its target price, a total of 19 firms have reported on the stock. The consensus target price is $9.56 with 3 firms rating the stock a strong buy, 2 firms rating the stock a buy, 10 firms rating the stock a hold, 5 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
About Teck Resources (NYSE:TCK)
Teck Resources Limited is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company operates through five segments: steelmaking coal, copper, zinc, energy and corporate. Through its interests in mining and processing operations in Canada, the United States, Chile and Peru, 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 produces both copper concentrates and copper cathode. It produces both refined zinc and zinc concentrates through its mining operations and metallurgical operations at Trail. Its energy assets in the Athabasca oil sands region of northeastern Alberta include interest in the Fort Hills oil sands project, interest in the Frontier oil sands project and in various other oil sands leases in the exploration phase, including the Lease 421 Area.
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