Teck Resources (TSE:TECK.B – Free Report) had its price objective lowered by Canaccord Genuity Group from C$80.00 to C$78.00 in a research report sent to investors on Friday, BayStreet.CA reports.
Several other equities research analysts have also recently weighed in on TECK.B. Jefferies Financial Group increased their target price on shares of Teck Resources from C$80.00 to C$85.00 in a research note on Monday, July 8th. BMO Capital Markets cut their price target on shares of Teck Resources from C$80.00 to C$77.00 in a research note on Thursday, July 25th. Eight Capital raised their price target on shares of Teck Resources from C$72.00 to C$75.00 in a research note on Thursday, July 11th. CIBC cut their price target on shares of Teck Resources from C$80.00 to C$78.00 in a research note on Friday. Finally, JPMorgan Chase & Co. cut their price target on shares of Teck Resources from C$78.00 to C$76.00 in a research note on Friday. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$76.63.
Read Our Latest Research Report on TECK.B
Teck Resources Stock Up 1.5 %
Teck Resources Company Profile
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.
Further Reading
- Five stocks we like better than Teck Resources
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Technology Stocks Explained: Here’s What to Know About Tech
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- What Are Dividends? Buy the Best Dividend Stocks
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.