Stock Worth Mentioning Today: After Today’s Big Increase, Is Teck Resources Ltd (USA)’s Near-Term Analysis Positive?

Stock Worth Mentioning Today: After Today's Big Increase, Is Teck Resources Ltd (USA)'s Near Term Analysis Positive?

The stock of Teck Resources Ltd (USA) (NYSE:TCK) is a huge mover today! About 6.99M 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.
The move comes after 7 months positive chart setup for the $15.41B company. It was reported on Nov, 22 by Barchart.com. We have $26.55 PT which if reached, will make NYSE:TCK worth $616.40M more.

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 initiated by Goldman Sachs with “Buy” on Thursday, May 19. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Outperform” rating by Credit Suisse on Monday, October 17. Citigroup initiated the shares of TCK in a report on Monday, November 7 with “Neutral” rating. FBR Capital downgraded the shares of TCK in a report on Thursday, April 21 to “Market Perform” rating. The firm has “Outperform” rating given on Monday, October 17 by RBC Capital Markets. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Buy” rating by Clarkson Platou on Monday, July 18. The firm earned “Neutral” rating on Tuesday, April 19 by JP Morgan. Deutsche Bank maintained Teck Resources Ltd (USA) (NYSE:TCK) rating on Monday, October 5. Deutsche Bank has “Hold” rating and $5.0 price target. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Buy” rating by Deutsche Bank on Friday, October 7. The firm has “Hold” rating given on Friday, October 16 by TheStreet.

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.: Is China’s Latest Move a Signal to Take Profits?” on November 18, 2016, also Nasdaq.com with their article: “Investing in the Trump Economy: Coal and Teck Resources Ltd (USA) (TCK)” published on November 22, 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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