Teck Resources (TSE:TECK.B) Price Target Raised to C$70.00

Teck Resources (TSE:TECK.B) had its price target increased by Raymond James from C$64.00 to C$70.00 in a report issued on Tuesday, BayStreet.CA reports.

A number of other brokerages have also recently issued reports on TECK.B. Eight Capital upped their price objective on shares of Teck Resources from C$65.00 to C$72.00 and gave the company a buy rating in a research note on Monday. Canaccord Genuity Group upped their price objective on shares of Teck Resources from C$59.00 to C$75.00 in a research note on Wednesday, April 17th. National Bankshares increased their price target on shares of Teck Resources from C$66.00 to C$70.00 in a research report on Friday, February 23rd. B. Riley dropped their price target 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. Finally, Scotiabank increased their price target on shares of Teck Resources from C$69.00 to C$71.00 and gave the company an outperform rating in a research report on Monday, January 15th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of C$71.86.

Teck Resources Stock Performance

Shares of TECK.B stock opened at C$67.65 on Tuesday. The stock has a market capitalization of C$34.54 billion, a P/E ratio of 14.58, 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 firm’s 50 day moving average is C$59.39 and its 200 day moving average is C$54.69. Teck Resources has a 12 month low of C$47.47 and a 12 month high of C$69.41.

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.