Worth Watching: What’s Ahead for Teck Resources Ltd (USA) After Today’s Big Increase?

Worth Watching: What's Ahead for Teck Resources Ltd (USA) After Today's Big Increase?

The stock of Teck Resources Ltd (USA) (NYSE:TCK) is a huge mover today! About 5.88M shares traded hands. Teck Resources Ltd (USA) (NYSE:TCK) has risen 177.86% since March 15, 2016 and is uptrending. It has outperformed by 172.37% the S&P500.
The move comes after 8 months positive chart setup for the $12.22 billion company. It was reported on Oct, 18 by Barchart.com. We have $28.79 PT which if reached, will make NYSE:TCK worth $5.01B more.

Analysts await Teck Resources Ltd (USA) (NYSE:TCK) to report earnings on October, 27. They expect $0.15 earnings per share, up 275.00% or $0.11 from last year’s $0.04 per share. TCK’s profit will be $89.76M for 34.03 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. Teck Resources has been the topic of 27 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was upgraded by BB&T Capital on Friday, October 23 to “Buy”. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Sell” rating by Deutsche Bank on Friday, October 23. The stock has “Sector Perform” rating given by Scotia Capital on Thursday, July 23. On Tuesday, April 19 the stock rating was maintained by JP Morgan with “Neutral”. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Underweight” rating by Barclays Capital on Thursday, January 14. The firm earned “Buy” rating on Monday, July 18 by Clarkson Platou. The stock has “Equal-Weight” rating given by Morgan Stanley on Thursday, September 15. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Friday, August 12. The firm has “Outperform” rating by FBR Capital given on Friday, September 18. As per Monday, September 21, the company rating was maintained by FBR Capital.

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: “Billionaire Hedge Fund Is Betting Big on Teck Resources Ltd.: Should You?” with publication date: September 16, 2016.

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