Investment analysts at Canaccord Genuity lifted their price objective on shares of Teck Resources Limited (NYSE:TCK) from $26.00 to $28.00 in a note issued to investors on Friday, Stock Ratings Network reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 14.57% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Teck Resources Limited in a research note to investors on Friday. They now have a $25.00 price target on the stock. Separately, analysts at CIBC cut their price target on shares of Teck Resources Limited from $42.00 to $41.00 in a research note to investors on Wednesday. Finally, analysts at RBC Capital cut their price target on shares of Teck Resources Limited from $38.00 to $36.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock.
One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $31.11.
Shares of Teck Resources Limited (NYSE: TCK) traded up 2.65% during mid-day trading on Friday, hitting $24.44. Teck Resources Limited has a one year low of $19.98 and a one year high of $38.57. The stock’s 50-day moving average is currently $22.43. The company has a market cap of $14.178 billion and a P/E ratio of 15.72.
Teck Resources Limited (NYSE:TCK) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.34 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.34. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.09 billion. Analysts expect that Teck Resources Limited will post $1.64 EPS for the current fiscal year.
Teck Resources Limited (NYSE: TCK), formerly Teck Cominco Limited, is engaged in mining and related activities, including exploration, development, processing, smelting and refining.