ValuEngine upgraded shares of Teck Resources (NYSE:TECK) (TSE:TECK) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday.

A number of other research analysts also recently issued reports on TECK. BidaskClub downgraded Teck Resources from a strong-buy rating to a buy rating in a report on Saturday, October 28th. Zacks Investment Research upgraded Teck Resources from a hold rating to a strong-buy rating and set a $33.00 price target on the stock in a report on Friday, February 9th. CIBC began coverage on Teck Resources in a report on Friday, November 17th. They set a sector outperform rating on the stock. Bank of America set a $36.00 price target on Teck Resources and gave the company a buy rating in a report on Friday, February 9th. Finally, Citigroup downgraded Teck Resources from a buy rating to a neutral rating in a report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $30.94.

Shares of Teck Resources (NYSE TECK) opened at $29.63 on Tuesday. Teck Resources has a 52 week low of $14.56 and a 52 week high of $30.79. The company has a quick ratio of 1.42, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $17,030.00, a PE ratio of 8.79, a PEG ratio of 1.14 and a beta of 1.40.

Several hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC grew its holdings in shares of Teck Resources by 34.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,608,476 shares of the basic materials company’s stock worth $42,094,000 after acquiring an additional 415,600 shares during the period. Scotia Capital Inc. grew its holdings in shares of Teck Resources by 70.1% during the 4th quarter. Scotia Capital Inc. now owns 676,290 shares of the basic materials company’s stock worth $17,681,000 after acquiring an additional 278,711 shares during the period. Aviance Capital Partners LLC purchased a new position in shares of Teck Resources during the 4th quarter worth approximately $1,001,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Teck Resources during the 4th quarter worth approximately $4,244,000. Finally, Investors Research Corp purchased a new position in shares of Teck Resources during the 4th quarter worth approximately $773,000. Hedge funds and other institutional investors own 52.93% of the company’s stock.

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Teck Resources Company Profile

Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Teck Resources (NYSE:TECK)

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