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Teck Resources Ltd (USA) (NYSE:TCK) target price increased to $10.00, reported today by Berenberg Bank

Only yesterday Teck Resources Ltd (USA) (NYSE:TCK) traded 0.11% higher at $16.03. The company’s 50-day moving average is $16.11 and its 200-day moving average is $11.73. With the last stock price close up 55.65% from the 200-day average, compared with the S&P 500 Index which has fallen -0.01% over the same time period. Trade volume was was down over the average, with 6,850,945 shares of TCK changing hands under the typical 7,159,960 shares..

Teck Resources Ltd (USA) (NYSE:TCK) had its price target bumped up to $10 by Berenberg Bank in a report announced 8/19/2016. The updated target price implies a potential downside of -0.38% from the bussiness’ last stock close price.

On Friday August 12 2016, RBC Capital reported on Teck Resources Ltd (USA)(NYSE:TCK) raised the target price from $16.00 to $23.00 that indicated a possible upside of 0.40%.

Recent Performance Chart:

Teck Resources Ltd (USA) (NYSE:TCK)

A total of 19 brokerages have issued a ratings update on the company. Three analysts rate the company a strong buy, two firms rate the company a buy, 10 firms rate the company a hold, five brokerages rate the company to underperform, and lastly one brokeragerate the stock as sell with a 12-month target of $9.56

With a total market value of $0.0, Teck Resources Ltd (USA) has a P/E of 0 with a 52 week low of $2.56 and a 52 week high of $18.34.

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, and including the Lease 421 Area.

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