18:41:11 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Teck Resources Ltd
Symbol TECK
Shares Issued 512,012,714
Close 2023-10-17 C$ 55.90
Market Cap C$ 28,621,510,713
Recent Sedar Documents

Globe says Teck Resources kept at "sector outperform"

2023-10-18 08:10 ET - In the News

The Globe and Mail reports in its Wednesday, Oct. 18, edition that Scotia Capital analyst Orest Wowkodaw is keeping his "sector outperform" recommendation for Teck Resources intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Wowkodaw gave his share target a $6 boost to $75. Analysts on average target the Class B shares at $68.66. Mr. Wowkodaw says in a note: "We continue to anticipate Teck to announce a new simpler and more direct coal separation plan shortly. Given the materially higher HCC price environment (which appears structural), we now believe that the most likely separation scenario is a partial sale to a consortium of steelmakers (40 to 50 per cent) and a spin-out to shareholders (50 to 60 per cent)." The Globe reported on March 15 that Mr. Wowkodaw rated Teck "sector outperform." The shares could then be had for $46.31. The Globe reported on April 28 that National Bank Financial analyst Shane Nagle had downgraded Teck Resources to "sector perform" from an "outperform." Teck shares were then going for $62.09.

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