The stock of Teck Resources Ltd (USA) (NYSE:TCK) is a huge mover today! About 3.47M 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.
The move comes after 5 months positive chart setup for the $13.34B company. It was reported on Nov, 8 by Barchart.com. We have $30.06 PT which if reached, will make NYSE:TCK worth $4.54 billion more.
Teck Resources Ltd (USA) (NYSE:TCK) Ratings Coverage
Out of 18 analysts covering Teck Resources (NYSE:TCK), 8 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 44% are positive. Teck Resources has been the topic of 29 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, October 7 by Deutsche Bank. The stock of Teck Resources Ltd (USA) (NYSE:TCK) has “Buy” rating given on Monday, July 18 by Clarkson Platou. The firm earned “Neutral” rating on Tuesday, April 19 by JP Morgan. The company was downgraded on Tuesday, April 19 by CLSA. The rating was upgraded by Credit Suisse on Monday, October 17 to “Outperform”. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Outperform” rating by National Bank Canada on Tuesday, October 18. The company was initiated on Thursday, May 19 by Goldman Sachs. Deutsche Bank maintained the shares of TCK in a report on Monday, October 5 with “Hold” rating. The company was upgraded on Thursday, August 4 by Raymond James. FBR Capital maintained it with “Mkt Perform” rating and $16 target price in Wednesday, July 20 report.
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.: 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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