The Teck Resources Ltd (TCK.B) Upgraded by Dundee Securities to “Buy”

The Teck Resources Ltd (TCK.B) Upgraded by Dundee Securities to “Buy”

Teck Resources Ltd (TSE:TCK.B) was upgraded by equities research analysts at Dundee Securities from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm presently has a C$31.50 price objective on the stock, up from their previous price objective of C$21.00.

Several other research firms have also recently commented on TCK.B. Barclays PLC reiterated an “underweight” rating on shares of Teck Resources in a research note on Tuesday, August 2nd. TD Securities increased their target price on Teck Resources from C$22.00 to C$24.00 and gave the company a “buy” rating in a research note on Sunday, July 31st. Scotiabank increased their target price on Teck Resources from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, July 29th. CIBC increased their target price on Teck Resources from C$16.00 to C$23.00 in a research note on Friday, July 29th. Finally, Canaccord Genuity upped their price target on Teck Resources from C$16.50 to C$19.50 in a research report on Friday, July 29th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of C$19.44.

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