Major Move Is Coming For Teck Resources Ltd (USA) After Bullish Options Activity

 Major Move Is Coming For Teck Resources Ltd (USA) After Bullish Options Activity

In today’s session Teck Resources Ltd (USA) (TCK) registered an unusually high (241) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious TCK increase. With 241 contracts traded and 8764 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: TCK170120C00019000 closed last at: $3.6 or 1.4% up. About 2.21M shares traded hands. Teck Resources Ltd (USA) (NYSE:TCK) has risen 180.77% since April 5, 2016 and is uptrending. It has outperformed by 178.82% the S&P500.

Teck Resources Ltd (USA) (NYSE:TCK) Ratings Coverage

Out of 17 analysts covering Teck Resources (NYSE:TCK), 8 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 47% are positive. $30 is the highest target while $4 is the lowest. The $12.63 average target is -41.47% below today’s ($21.58) stock price. Teck Resources has been the topic of 28 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Mkt Perform” rating given on Wednesday, July 20 by FBR Capital. On Tuesday, April 19 the stock rating was downgraded by CLSA to “Underperform”. As per Friday, September 18, the company rating was initiated by FBR Capital. The company was maintained on Friday, July 24 by Cowen & Co. As per Thursday, July 23, the company rating was maintained by Scotia Capital. The rating was initiated by Goldman Sachs with “Buy” on Thursday, May 19. The firm earned “Outperform” rating on Monday, October 17 by Credit Suisse. The rating was downgraded by FBR Capital to “Market Perform” on Thursday, April 21. The rating was upgraded by RBC Capital Markets on Monday, October 17 to “Outperform”. The stock has “Outperform” rating given by National Bank Canada on Tuesday, October 18.

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.”

Teck Resources Limited is engaged in the business of exploring for, acquiring, developing and producing natural resources. The company has a market cap of $11.86 billion. The Firm operates through five divisions: steelmaking coal, copper, zinc, energy and corporate. It currently has negative earnings. Through its interests in mining and processing activities in Canada, the United States, Chile and Peru, the Company exports seaborne steelmaking coal and produces mined zinc.

More notable recent Teck Resources Ltd (USA) (NYSE:TCK) news were published by: Fool.ca which released: “Teck Resources Ltd.: Will a Copper Rally Take This Stock Even Higher in 2017?” on November 07, 2016, also Fool.ca with their article: “Teck Resources Ltd.: The Rally Is Picking up Steam” published on November 01, 2016, Fool.ca published: “What’s Next for Teck Resources Ltd.?” on October 20, 2016. More interesting news about Teck Resources Ltd (USA) (NYSE:TCK) were released by: Fool.ca and their article: “Teck Resources Ltd.: Next Stop $40?” published on October 12, 2016 as well as Fool.ca‘s news article titled: “Teck Resources Ltd.: Why Is the Rally so Strong?” with publication date: September 29, 2016.

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