The Senior Officer of Teck Resources (NYSE: TECK) is Buying Shares

By Carrie Williams

Today, the Senior Officer of Teck Resources (TECKResearch Report), John F.H Thompson, bought shares of TECK for $497.8K.

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The company has a one-year high of $23.93 and a one-year low of $6.79.

Based on 15 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $24.77, reflecting a -20.1% downside. Nine different firms, including Scotiabank and RBC Capital, currently also have a Buy rating on the stock.

The insider sentiment on Teck Resources has been negative according to 13 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Teck Resources Ltd. is a diversified resource company, which engages in the mining and mineral development of copper, steelmaking coal, zinc, and energy properties. The firm also produces germanium and indium. It operates through the following business segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate. The Steelmaking Coal segment exports steelmaking coal. The Copper segment produces copper in Canada, Chile, Peru, North America, and South America. The Zinc segment operates fully integrated zinc, lead smelting, and refining facilities. The Energy segment covers the oil sands mining and processing operations. The Corporate segment provides administrative, technical, financial, and other support to all of the business units. The company was founded on September 24, 1951 and is headquartered in Vancouver, Canada.