Teck Resources (TSE:TECK.B) PT Raised to C$74.00

Teck Resources (TSE:TECK.B) had its price target raised by stock analysts at Raymond James from C$73.00 to C$74.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Raymond James’ target price points to a potential upside of 12.31% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Teck Resources from C$74.00 to C$78.00 in a research note on Tuesday, October 15th. BMO Capital Markets lowered their target price on Teck Resources from C$80.00 to C$77.00 in a research note on Thursday, July 25th. Eight Capital increased their price target on Teck Resources from C$72.00 to C$75.00 in a report on Thursday, July 11th. Canaccord Genuity Group dropped their price objective on shares of Teck Resources from C$80.00 to C$76.00 in a research note on Monday, July 22nd. Finally, Citigroup raised their target price on shares of Teck Resources from C$64.00 to C$74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$76.63.

Teck Resources Stock Performance

Shares of TECK.B traded up C$1.04 during mid-day trading on Friday, reaching C$65.89. 616,107 shares of the company’s stock were exchanged, compared to its average volume of 1,183,177. The business’s fifty day simple moving average is C$66.34 and its 200-day simple moving average is C$66.62. The stock has a market capitalization of C$33.74 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. Teck Resources has a 52-week low of C$47.47 and a 52-week high of C$74.37. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97.

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.