Stock of the Day: Teck Resources Ltd (USA)’s Trend Up, Especially After Today’s 52-Week High Milestone

Stock of the Day: 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 $26.08 target or 4.00% above today’s $25.08 share price. The 8 months bullish chart indicates low risk for the $15.14B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $26.08 price target is reached, the company will be worth $605.60M 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 4.91 million shares traded hands. Teck Resources Ltd (USA) (NYSE:TCK) has risen 116.82% since April 20, 2016 and is uptrending. It has outperformed by 112.26% the S&P500.

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

Out of 18 analysts covering Teck Resources (NYSE:TCK), 9 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 50% are positive. Teck Resources has been the topic of 32 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by TheStreet with “Hold” on Friday, October 16. The company was upgraded on Monday, July 18 by Clarkson Platou. On Thursday, November 17 the stock rating was upgraded by Barclays Capital to “Overweight”. The rating was downgraded by FBR Capital on Thursday, April 21 to “Market Perform”. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Neutral” rating by Citigroup on Monday, November 7. The firm has “Outperform” rating given on Monday, October 17 by Credit Suisse. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Underperform” rating by CLSA on Tuesday, April 19. On Tuesday, April 19 the stock rating was maintained by JP Morgan with “Neutral”. The firm earned “Underweight” rating on Thursday, January 14 by Barclays Capital. RBC Capital Markets downgraded the shares of TCK in a report on Friday, August 12 to “Sector Perform” rating.

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: Investorplace.com which released: “Investing in the Trump Economy: Coal and Teck Resources Ltd (USA) (TCK)” on November 22, 2016, also Fool.ca with their article: “Teck Resources Ltd.: Is China’s Latest Move a Signal to Take Profits?” published on November 18, 2016, Fool.ca published: “Trump Effect Driving Copper Higher: Time to Buy Teck Resources Ltd.?” on November 10, 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: “What’s Next for Teck Resources Ltd.?” with publication date: October 20, 2016.

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