Teck Resources (TSE:TECK.B) Price Target Raised to C$72.00

Teck Resources (TSE:TECK.B) had its price objective increased by Eight Capital from C$65.00 to C$72.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Eight Capital’s price target suggests a potential upside of 15.76% from the company’s current price.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group upped their target price on Teck Resources from C$59.00 to C$75.00 in a report on Wednesday, April 17th. B. Riley reduced their target price on Teck Resources from C$72.00 to C$59.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Raymond James reduced their target price on Teck Resources from C$65.00 to C$64.00 in a report on Friday, March 1st. Jefferies Financial Group upped their target price on Teck Resources from C$75.00 to C$80.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, Scotiabank upped their price target on Teck Resources from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a research note on Monday, January 15th. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teck Resources currently has an average rating of “Buy” and an average target price of C$71.86.

Teck Resources Stock Down 1.0 %

TECK.B stock opened at C$62.20 on Monday. Teck Resources has a fifty-two week low of C$47.47 and a fifty-two week high of C$69.41. The business’s 50 day moving average price is C$58.85 and its two-hundred day moving average price is C$54.55. The company has a debt-to-equity ratio of 39.21, a quick ratio of 0.97 and a current ratio of 1.10. The company has a market capitalization of C$31.75 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of -0.38 and a beta of 1.44.

Teck Resources Company Profile

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.