BMO Capital Markets Cuts Teck Resources Ltd (TECK.B) Price Target to C$40.00

Teck Resources Ltd (TSE:TECK.B) had its price target decreased by BMO Capital Markets from C$43.00 to C$40.00 in a research report sent to investors on Thursday morning. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Paradigm Capital upped their price objective on shares of Teck Resources from C$34.00 to C$42.00 and gave the stock a buy rating in a research report on Thursday. TD Securities set a C$40.00 price objective on shares of Teck Resources and gave the stock a buy rating in a research report on Thursday. Scotiabank reduced their price objective on shares of Teck Resources from C$37.00 to C$36.00 and set an outperform rating for the company in a research report on Thursday. Canaccord Genuity reduced their price objective on shares of Teck Resources from C$43.00 to C$39.50 and set a buy rating for the company in a research report on Thursday. Finally, Royal Bank Of Canada reaffirmed an outperform rating on shares of Teck Resources in a research report on Thursday. Eight investment analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average target price of C$38.61.

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Teck Resources Company Profile

Teck Resources Ltd is a Canada-based company, engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company operates through five segments: 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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