Stock Worth Watching: Teck Resources Ltd (USA) on Focus After Trading At 52-Week Highs

Stock Worth Watching: Teck Resources Ltd (USA) on Focus After Trading At 52 Week Highs

The stock of Teck Resources Ltd (USA) (NYSE:TCK) hit a new 52-week high and has $27.71 target or 6.00% above today’s $26.14 share price. The 5 months bullish chart indicates low risk for the $14.81B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $27.71 price target is reached, the company will be worth $888.60 million 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 6.81M shares traded hands. Teck Resources Ltd (USA) (NYSE:TCK) has risen 149.90% since April 25, 2016 and is uptrending. It has outperformed by 143.89% the S&P500.

Analysts await Teck Resources Ltd (USA) (NYSE:TCK) to report earnings on February, 9. They expect $0.97 earnings per share, up 4,750.00% or $0.95 from last year’s $0.02 per share. TCK’s profit will be $549.57 million for 6.74 P/E if the $0.97 EPS becomes a reality. After $0.20 actual earnings per share reported by Teck Resources Ltd (USA) for the previous quarter, Wall Street now forecasts 385.00% EPS growth.

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. Barclays Capital upgraded the stock to “Overweight” rating in Thursday, November 17 report. The rating was upgraded by Deutsche Bank to “Buy” on Friday, October 7. The firm earned “Sector Perform” rating on Friday, August 12 by RBC Capital Markets. The firm has “Underperform” rating given on Thursday, March 24 by Raymond James. On Monday, October 5 the stock rating was maintained by Deutsche Bank with “Hold”. The company was upgraded on Tuesday, October 18 by National Bank Canada. Goldman Sachs initiated the stock with “Buy” rating in Thursday, May 19 report. Deutsche Bank maintained Teck Resources Ltd (USA) (NYSE:TCK) on Wednesday, November 16 with “Buy” rating. The rating was maintained by Cowen & Co with “Market Perform” on Friday, July 24. CLSA downgraded Teck Resources Ltd (USA) (NYSE:TCK) on Tuesday, April 19 to “Underperform” 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.: Could it Hit $40 by Year-End?” published on November 22, 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: “Trump Effect Driving Copper Higher: Time to Buy Teck Resources Ltd.?” published on November 10, 2016 as well as Fool.ca‘s news article titled: “What’s Next for Teck Resources Ltd.?” with publication date: October 20, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment