Raymond James Raises Teck Resources (TSE:TECK.B) Price Target to C$70.00

Teck Resources (TSE:TECK.B) had its price target hoisted by equities researchers at Raymond James from C$64.00 to C$70.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 12.49% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. National Bankshares boosted their price objective on shares of Teck Resources from C$66.00 to C$70.00 in a research report on Friday, February 23rd. UBS Group decreased their price objective on Teck Resources from C$64.00 to C$63.00 in a report on Wednesday, January 17th. Eight Capital upped their price target on Teck Resources from C$65.00 to C$72.00 and gave the stock a “buy” rating in a research report on Monday. Scotiabank boosted their price objective on shares of Teck Resources from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a research report on Monday, January 15th. Finally, B. Riley decreased their target price on shares of Teck Resources from C$72.00 to C$59.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$71.86.

Teck Resources Stock Performance

Shares of TECK.B stock opened at C$62.23 on Tuesday. The company has a market capitalization of C$31.77 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of -0.38 and a beta of 1.44. Teck Resources has a 52 week low of C$47.47 and a 52 week high of C$69.41. 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’s 50 day moving average price is C$59.07 and its two-hundred day moving average price is C$54.60.

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.