Teck Resources (TSE:TECK.B) PT Raised to C$73.00

Teck Resources (TSE:TECK.B) had its price objective hoisted by Raymond James from C$71.00 to C$73.00 in a research report report published on Monday morning, BayStreet.CA reports.

Several other research analysts have also recently commented on the stock. Scotiabank decreased their target price on shares of Teck Resources from C$84.00 to C$78.00 in a report on Monday, August 19th. JPMorgan Chase & Co. dropped their price objective on shares of Teck Resources from C$76.00 to C$74.00 in a research note on Thursday, July 25th. Royal Bank of Canada lowered their target price on Teck Resources from C$88.00 to C$85.00 and set an outperform rating on the stock in a research note on Tuesday, September 10th. Jefferies Financial Group lifted their price target on Teck Resources from C$80.00 to C$85.00 in a report on Monday, July 8th. Finally, Bank of America dropped their price objective on Teck Resources from C$88.00 to C$87.00 in a report on Friday, July 5th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Teck Resources presently has a consensus rating of Moderate Buy and a consensus target price of C$76.44.

Teck Resources Stock Performance

TECK.B opened at C$70.77 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The firm has a market cap of C$36.23 billion, a PE ratio of 25.37, a P/E/G ratio of -0.38 and a beta of 1.36. The business has a fifty day simple moving average of C$64.69 and a 200-day simple moving average of C$65.79. Teck Resources has a fifty-two week low of C$47.47 and a fifty-two week high of C$74.37.

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.