Teck Resources traded at 97.76 this Friday October 2nd, increasing 4.96 or 5.34 percent since the previous trading session. Looking back, over the last four weeks, Teck Resources gained 2.95 percent. Over the last 12 months, its price rose by 62.15 percent. Looking ahead, we forecast Teck Resources to be priced at 95.54 by the end of this quarter and at 89.18 in one year, according to Trading Economics global macro models projections and analysts expectations.
Teck Resources Ltd is a Canada-based company, which engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s segments include steelmaking coal, copper, zinc and energy. The Company is a seaborne exporter of steelmaking coal, with approximately six operations in Western Canada. It has approximately four operating mines in Canada, Chile and Peru, and copper development projects in North and South America. It produces mined zinc, with approximately three operating mines in the United States and Peru, and owns one fully integrated zinc and lead smelting and refining facilities located in Canada. It also has an interest in producing oil sands mine in Alberta, as well as oil sands development assets.