Deutsche Bank AG announced Teck Resources Ltd (USA) (NYSE:TCK), raising its target price to $20.00 today
- Updated: October 3, 2016
Yesterday Teck Resources Ltd (USA) (NYSE:TCK) traded -0.55% lower at $18.03. The company’s 50-day moving average is $17.07 and its 200-day moving average is $12.68. The last stock close price is up 41.40% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 5,235,862 shares of the stock were exchanged, down from an average trading volume of 7,649,560
Teck Resources Ltd (USA) (NYSE:TCK) had its target price raised to $20.00 by Deutsche Bank AG in a report released Monday October 03, 2016. The new target price indicates a possible upside of 0.11% based on the company's last stock close price.
Previously on Thursday September 15, 2016, Morgan Stanley reported about Teck Resources Ltd (USA) (NYSE:TCK) raised the target price from $7.00 to $18.00. At the time, this indicated a possible upside of 0.04%.
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Teck Resources Ltd (USA) has a 52 week low of $2.56 and a 52 week high of $19.08 The company’s market cap is currently $0.
In addition to Deutsche Bank AG reporting its target price, a total of 19 firms have issued a report 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.
General Information About Teck Resources Ltd (USA) (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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