Market Runner: Teck Resources Ltd (USA)’s Trend Up, Especially After Today’s 52-Week High Milestone

Market Runner: Teck Resources Ltd (USA)'s Trend Up, Especially After Today's 52 Week High Milestone

The stock of Teck Resources Ltd (USA) (NYSE:TCK) hit a new 52-week high and has $35.77 target or 61.00% above today’s $22.22 share price. The 5 months bullish chart indicates low risk for the $13.22B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $35.77 price target is reached, the company will be worth $8.06B 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 6.07 million shares traded hands. Teck Resources Ltd (USA) (NYSE:TCK) has risen 222.98% since April 7, 2016 and is uptrending. It has outperformed by 218.19% the S&P500.

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. On Thursday, May 19 the stock rating was initiated by Goldman Sachs with “Buy”. Barclays Capital downgraded Teck Resources Ltd (USA) (NYSE:TCK) on Thursday, January 14 to “Underweight” rating. The company was upgraded on Friday, October 7 by Deutsche Bank. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Buy” rating by FBR Capital on Monday, September 21. The firm has “Underperform” rating given on Thursday, March 24 by Raymond James. The firm has “Outperform” rating given on Tuesday, October 18 by National Bank Canada. As per Monday, October 17, the company rating was upgraded by Credit Suisse. RBC Capital Markets upgraded the shares of TCK in a report on Monday, October 17 to “Outperform” rating. The firm earned “Equal-Weight” rating on Thursday, September 15 by Morgan Stanley. The stock of Teck Resources Ltd (USA) (NYSE:TCK) has “Sell” rating given on Friday, October 23 by Deutsche Bank.

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.: The Rally Is Picking up Steam” on November 01, 2016, also Fool.ca with their article: “What’s Next for Teck Resources Ltd.?” published on October 20, 2016, Fool.ca published: “Teck Resources Ltd.: Next Stop $40?” on October 12, 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: “Why Teck Resources Ltd. Wants its Credit Rating Back” with publication date: October 05, 2016.

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