Teck Resources Ltd (USA) (NYSE:TCK) price target upped to $20.00, released a report earlier today by Zacks Investment Research
- Updated: October 9, 2016
Yesterday Teck Resources Ltd (USA) (NYSE:TCK) traded 1.81% higher at $17.11. The company’s 50-day moving average is $17.26 and its 200-day moving average is $13.02. The last closing price is up 34.27% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 7,255,473 shares of the stock traded hands, down from an average trading volume of 7,659,840
Indicating a possible upside of 0.17%, Zacks Investment Research increased the target price of Teck Resources Ltd (USA) (NYSE:TCK) to $20.00
Previously on Monday October 03, 2016, Deutsche Bank reported on Teck Resources Ltd (USA) (NYSE:TCK) increased the target price from $11.50 to $20.00. At the time, this indicated a possible upside of 0.11%.
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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 Zacks Investment Research reporting its stock price target, a total of 19 equity analysts have released a ratings update on TCK. The consensus target price is $9.56 with three analysts rating the company a strong buy, two equity analysts rating the company a buy, ten analysts rating the stock a hold, 5 brokerages rating the stock a underperform, and finally 1 firm rating the company a sell.
More 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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