Teck Resources Ltd (NYSE:TECK) traded at a new 52-week high today of $23.93. Approximately 2.1 million shares have changed hands today, as compared to an average 30-day volume of 4.5 million shares.
Teck Resources Ltd (NYSE:TECK) defies analysts with a current price ($22.63) 75.1% above its average consensus price target of $5.64.
Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck’s primary commodity in terms of EBITDA contribution, followed by copper, zinc, and oil sands. Teck ranks as the world’s second-largest exporter of seaborne metallurgical coal and is a top-three zinc miner. It is building a major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo.
In the past 52 weeks, shares of Teck Resources Ltd have traded between a low of $5.60 and a high of $23.93 and is now at $22.63, which is 304% above that low price.
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