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Teck Resources (NYSE:TCK) target price raised to $20.00, reported today by Deutsche Bank

Teck Resources (NYSE:TCK) had its target price raised to $20.00 by Deutsche Bank in a report released 10/03/2016. The increased target suggests a potential upside of 0.11% from the company's previous closing price.

Previously on Thursday September 15, 2016, Morgan Stanley reported on Teck Resources (NYSE:TCK) increased the target price from $7.00 to $18.00. At the time, this indicated a possible upside of 0.04%.

Just yesterday Teck Resources (NYSE:TCK) traded -0.55% lower at $18.03. Teck Resources’s 50-day moving average is $17.07 and its 200-day moving average is $12.68. The last closing price is up 41.40% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 5,235,862 shares of TCK traded hands, down from an average trading volume of 7,649,560

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Teck Resources (NYSE:TCK)

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 Deutsche Bank 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 (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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