RBC Capital disclosed Teck Resources (NYSE:TCK), hiking its price target to $30.00 earlier today
- Updated: October 16, 2016
Stating a potential upside of 0.60%, RBC Capital raised the target price of Teck Resources (NYSE:TCK) to $30.00
Just yesterday Teck Resources (NYSE:TCK) traded 3.64% higher at $18.77. Teck Resources’s 50-day moving average is $17.61 and its 200-day moving average is $13.36. The last stock price is up 40.44% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 10,987,306 shares of TCK traded hands, up from an average trading volume of 7,739,340
Recent Performance Chart
Teck Resources has 52 week low of $2.56 and a 52 week high of $19.08 and has a market capitalization of $0.
In addition to RBC Capital reporting its stock price target, a total of 19 brokerages have issued a research note on the company. The average stock price target is $9.56 with 3 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 10 brokerages rating the stock a hold, 5 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On 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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