Teck Resources (TSE:TECK.B – Free Report) had its price objective lowered by CIBC from C$80.00 to C$78.00 in a research report sent to investors on Friday, BayStreet.CA reports.
A number of other research firms also recently weighed in on TECK.B. Scotiabank decreased their price target on shares of Teck Resources from C$79.00 to C$74.00 in a research note on Friday. TD Securities lifted their target price on shares of Teck Resources from C$78.00 to C$80.00 in a research report on Tuesday, July 16th. Eight Capital upped their price objective on Teck Resources from C$72.00 to C$75.00 in a research note on Thursday, July 11th. BMO Capital Markets decreased their price target on Teck Resources from C$80.00 to C$77.00 in a research note on Thursday, July 25th. Finally, Royal Bank of Canada dropped their price objective on Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Teck Resources has an average rating of “Moderate Buy” and a consensus target price of C$76.63.
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Teck Resources Trading 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.
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