The stock of Teck Resources Ltd (USA) (NYSE:TCK) hit a new 52-week high and has $25.82 target or 33.00% above today’s $19.41 share price. The 7 months bullish chart indicates low risk for the $11.60B company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $25.82 price target is reached, the company will be worth $3.83B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 4.32M shares traded hands. Teck Resources Ltd (USA) (NYSE:TCK) has risen 150.60% since March 14, 2016 and is uptrending. It has outperformed by 144.99% the S&P500.
Analysts await Teck Resources Ltd (USA) (NYSE:TCK) to report earnings on October, 27. They expect $0.15 EPS, up 275.00% or $0.11 from last year’s $0.04 per share. TCK’s profit will be $89.64M for 32.35 P/E if the $0.15 EPS becomes a reality.
Teck Resources Ltd (USA) (NYSE:TCK) Ratings Coverage
Out of 16 analysts covering Teck Resources (NYSE:TCK), 7 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 44% are positive. $30 is the highest target while $4 is the lowest. The $12.63 average target is -34.93% below today’s ($19.41) stock price. Teck Resources has been the topic of 27 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, October 7 by Deutsche Bank. The firm has “Sell” rating by Deutsche Bank given on Friday, October 23. The rating was upgraded by Deutsche Bank to “Hold” on Monday, October 3. FBR Capital downgraded Teck Resources Ltd (USA) (NYSE:TCK) on Thursday, April 21 to “Market Perform” rating. As per Monday, October 5, the company rating was maintained by Deutsche Bank. On Monday, July 18 the stock rating was upgraded by Clarkson Platou to “Buy”. The stock has “Market Perform” rating given by Cowen & Co on Friday, July 24. Scotia Capital maintained the stock with “Sector Perform” rating in Thursday, July 23 report. The firm earned “Outperform” rating on Friday, September 18 by FBR Capital. The firm has “Market Perform” rating by Raymond James given on Thursday, August 4.
According to Zacks Investment Research, “Teck Resources Limited is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy. It is a world leader in the production of copper, metallurgical coal and zinc, a significant producer of gold, molybdenum and specialty metals, with interests in several oil sands development assets. Headquartered in Vancouver, Canada, the company has expertise across the full range of activities related to mining, including exploration, development, smelting, refining, safety, environmental protection, product stewardship, recycling and research. The Company is actively exploring in countries throughout the Americas, Asia Pacific, Europe and Africa. Teck Resources Limited, formerly Teck Cominco Limited, is headquartered in Vancouver, Canada.”
More notable recent Teck Resources Ltd (USA) (NYSE:TCK) news were published by: Fool.ca which released: “Teck Resources Ltd.: Next Stop $40?” on October 12, 2016, also Fool.ca with their article: “How Does China’s Shockingly Bad Trade Data Affect Teck Resources Ltd.?” published on October 14, 2016, Fool.ca published: “Why Teck Resources Ltd. Wants its Credit Rating Back” on October 05, 2016. More interesting news about Teck Resources Ltd (USA) (NYSE:TCK) were released by: Fool.ca and their article: “Teck Resources Ltd.: Why Is the Rally so Strong?” published on September 29, 2016 as well as Fool.ca‘s news article titled: “Teck Resources Ltd.: Is the Rally Just Beginning for This Stock?” with publication date: September 15, 2016.
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