Canaccord Genuity Group Raises Teck Resources (TSE:TECK.B) Price Target to C$75.00

Teck Resources (TSE:TECK.B) had its price objective lifted by Canaccord Genuity Group from C$59.00 to C$75.00 in a report released on Wednesday, BayStreet.CA reports.

Several other brokerages have also issued reports on TECK.B. Scotiabank increased their target price on shares of 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. Bank of America increased their target price on shares of Teck Resources from C$67.00 to C$88.00 in a report on Tuesday, April 9th. National Bankshares increased their target price on shares of Teck Resources from C$66.00 to C$70.00 in a report on Friday, February 23rd. Raymond James lowered their target price on shares of Teck Resources from C$65.00 to C$64.00 in a report on Friday, March 1st. Finally, UBS Group lowered their target price on shares of Teck Resources from C$64.00 to C$63.00 in a report on Wednesday, January 17th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of Buy and an average price target of C$71.29.

Teck Resources Stock Performance

Teck Resources stock opened at C$64.81 on Wednesday. The business has a 50 day moving average of C$58.37 and a 200-day moving average of C$54.45. The company has a market capitalization of C$33.09 billion, a P/E ratio of 13.97, a P/E/G ratio of -0.38 and a beta of 1.44. Teck Resources has a 1 year low of C$47.47 and a 1 year high of C$69.41. The company has a debt-to-equity ratio of 39.21, a current ratio of 1.10 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.