Teck Resources (TSE:TECK.B) PT Raised to C$71.00

Teck Resources (TSE:TECK.B) had its price objective raised by Raymond James from C$70.00 to C$71.00 in a report released on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 4.89% from the stock’s current price.

A number of other brokerages have also recently weighed in on TECK.B. Scotiabank lifted their target price on Teck Resources from C$69.00 to C$71.00 and gave the company an “outperform” rating in a report on Monday, January 15th. 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. Jefferies Financial Group boosted their price objective on Teck Resources from C$75.00 to C$80.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Bank of America boosted their price objective on Teck Resources from C$67.00 to C$88.00 in a research note on Tuesday, April 9th. Finally, UBS Group reduced their price objective on Teck Resources from C$64.00 to C$63.00 in a research note on Wednesday, January 17th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$72.00.

Teck Resources Price Performance

Shares of Teck Resources stock opened at C$67.69 on Monday. Teck Resources has a twelve month low of C$47.47 and a twelve month high of C$70.50. The stock has a market capitalization of C$34.56 billion, a P/E ratio of 14.59, a PEG ratio of -0.38 and a beta of 1.44. The company has a current ratio of 1.10, a quick ratio of 0.97 and a debt-to-equity ratio of 39.21. The business’s fifty day moving average price is C$60.41 and its 200 day moving average price is C$54.98.

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.