Notable Price Action: What’s Next for Teck Resources Ltd (USA) After Today’s Huge Increase?

Notable Price Action: What's Next for Teck Resources Ltd (USA) After Today's Huge Increase?

The stock of Teck Resources Ltd (USA) (NYSE:TCK) is a huge mover today! About 4.08 million shares traded hands. Teck Resources Ltd (USA) (NYSE:TCK) has risen 140.31% since March 2, 2016 and is uptrending. It has outperformed by 132.05% the S&P500.
The move comes after 5 months positive chart setup for the $9.92 billion company. It was reported on Oct, 5 by Barchart.com. We have $24.24 PT which if reached, will make NYSE:TCK worth $3.37B more.

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 $82.26M for 30.15 P/E if the $0.15 EPS becomes a reality.

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

Out of 15 analysts covering Teck Resources (NYSE:TCK), 4 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 27% are positive. Teck Resources has been the topic of 24 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Buy” rating by BB&T Capital on Friday, October 23. The company was initiated on Friday, September 18 by FBR Capital. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Market Perform” rating by Raymond James on Thursday, August 4. The stock has “Hold” rating given by TheStreet on Friday, October 16. The rating was upgraded by Deutsche Bank to “Hold” on Monday, October 3. CLSA downgraded the stock to “Underperform” rating in Tuesday, April 19 report. The firm earned “Neutral” rating on Tuesday, April 19 by JP Morgan. The company was maintained on Wednesday, July 20 by FBR Capital. The firm has “Underperform” rating by Raymond James given on Thursday, March 24. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, August 12.

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: “Why Teck Resources Ltd. Wants its Credit Rating Back” on October 05, 2016, also Fool.ca with their article: “Teck Resources Ltd.: Why Is the Rally so Strong?” published on September 29, 2016, Fool.ca published: “Teck Resources Ltd.: Time to Sell?” on September 07, 2016. More interesting news about Teck Resources Ltd (USA) (NYSE:TCK) were released by: Fool.ca and their article: “Billionaire Hedge Fund Is Betting Big on Teck Resources Ltd.: Should You?” published on September 16, 2016 as well as Fool.ca‘s news article titled: “Will Teck Resources Ltd. Go From Hero to Zero?” with publication date: August 29, 2016.

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