Teck Resources Ltd (USA) (NYSE:TCK) has been upgraded to Buy in a statement by Dundee Securities earlier today.
- Updated: October 14, 2016
Having a price of $18.63, Teck Resources Ltd (USA) (NYSE:TCK) traded 3.15% higher on the day. The last closing price is up 40.62% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. TCK has recorded a 50-day moving average of $17.54 and a 200-day moving average of $13.28. 7,116,860 shares of TCK traded hands, down from an average trading volume of 7,629,170
Dundee Securities has upgraded Teck Resources Ltd (USA) (NYSE:TCK) to Buy in a statement released on Friday October 14, 2016.
On 10/05/2016, Zacks Investment Research released a statement about Teck Resources Ltd (USA) (NYSE:TCK) upped the target price from $0.00 to $20.00 that suggested an upside of 0.17%.
Recent Performance Chart
Teck Resources Ltd (USA) 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 Dundee Securities reporting its stock price target, a total of 19 brokers have issued a research note on the company. The average stock price target is $9.56 with 3 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 10 brokers rating the stock a hold, 5 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
Brief Synopsis On 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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