Price Target Analysis: Teck Resources Limited (NYSE:TCK)

25 Novembre, 2016, 11:46 | Auteur: Stephane Girardot

They set a "neutral" rating and a $30.00 price target on the stock.

While looking at the Stock's Performance, Teck Resources Limited now shows a Weekly Performance of 10.6%, where Monthly Performance is 22.77%, Quarterly performance is 57.42%, 6 Months performance is 168.83% and yearly performance percentage is 520.16%.

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Out of 10 analysts covering Teck Resources (TSE:TCK.B), 7 rate it a "Buy", 0 "Sell", while 3 "Hold". The Company is actively exploring in countries throughout the Americas, Asia Pacific, Europe and Africa. For the next 5 years, Teck Resources Limited is expecting Growth of 39.65% per annum, whereas in the past 5 years the growth was -50.9% per annum. TD Securities boosted their price objective on Teck Resources from C$22.00 to C$24.00 and gave the stock a "buy" rating in a research report on Sunday, July 31st. The firm earned "Buy" rating on Thursday, May 19 by Goldman Sachs. Barclays PLC reiterated an "underweight" rating on shares of Teck Resources in a research report on Tuesday, August 2nd. They now have a $30.00 price target on the stock. According to these analysts, the Low Revenue Estimate for Teck Resources Limited is 2.2 Billion and the High Revenue Estimate is 2.45 Billion. (NYSE:TCK) traded up 1.37% during midday trading on Thursday, hitting $25.88. The difference between Actual EPS and Estimated EPS was $-0.02/share.

As a result, the analyst's 2017 cash flow per share forecast for Teck climbs to $8.76 from $5.44. The company has a market cap of $20.54 billion. The Company has 52-week high of $26.21 and 52-week low of $2.56.

The stock is now trading at Distance from 20-Day simple moving Average of 16.3% whereas, Distance from 50-Day Simple moving average is 28.95 Percent and Distance from 200-Day Simple Moving Average of 92.76 percent. Teck Resources Ltd (USA) (NYSE:TCK) has risen 148.85% since April 22, 2016 and is uptrending. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price. Teck Resources had a positive return on equity of 1.13% and a negative net margin of 1.42%. This number is on an agreed basis of the brokerage firms delivering projections on the firm. The Firm operates through five divisions: steelmaking coal, copper, zinc, energy and corporate. Through its interests in mining and processing operations in Canada, the United States, Chile and Peru, the Company exports seaborne steelmaking coal and produces mined zinc.

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