News coverage about Teck Resources (NYSE:TECK) (TSE:TECK) has trended very negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Teck Resources earned a coverage optimism score of -3.64 on their scale. InfoTrie also gave media stories about the basic materials company an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Teck Resources’ score:
- Teck’s Coal Sales Warning Comes Amid Broader Concerns for Miner (ottawacitizen.com)
- Teck Resources (TECK) to Release Quarterly Earnings on Friday (americanbankingnews.com)
- Alberta, First Nation in war of words as Teck oil mine decision nears (msn.com)
- Canadians narrowly approve construction of Teck mine, says survey (ca.news.yahoo.com)
- Alberta environment minister says First Nations concerns with Teck Frontier are about money (cbc.ca)
Several research analysts have weighed in on TECK shares. Bank of America lowered Teck Resources from a “buy” rating to an “underperform” rating in a report on Wednesday, November 13th. Citigroup upgraded Teck Resources from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Monday, December 16th. ValuEngine upgraded Teck Resources from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. BMO Capital Markets lowered Teck Resources from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 27th. Finally, Zacks Investment Research lowered Teck Resources from a “hold” rating to a “strong sell” rating and set a $15.00 target price on the stock. in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Teck Resources has a consensus rating of “Hold” and an average price target of $30.00.
About Teck Resources
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.
Further Reading: What is an Initial Coin Offering (ICO)?
Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.