Teck Resources (TSE:TECK.B) Price Target Raised to C$64.00

Teck Resources (TSE:TECK.B) had its target price upped by Raymond James Financial from C$63.00 to C$64.00 in a research note published on Thursday morning,BayStreet.CA reports.

Other equities analysts have also issued research reports about the company. UBS Group dropped their price objective on Teck Resources from C$67.00 to C$55.00 in a research note on Wednesday, April 23rd. TD Securities decreased their target price on Teck Resources from C$64.00 to C$60.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Scotiabank decreased their target price on Teck Resources from C$66.00 to C$57.00 in a research report on Friday, July 25th. Desjardins downgraded Teck Resources from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$72.00 to C$58.00 in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. downgraded Teck Resources from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from C$63.00 to C$56.00 in a research report on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Teck Resources currently has an average rating of “Moderate Buy” and a consensus target price of C$63.19.

Teck Resources Stock Performance

TSE TECK.B opened at C$46.49 on Thursday. The firm has a market cap of C$23.80 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. 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 business has a 50-day moving average price of C$49.60 and a 200-day moving average price of C$51.90. Teck Resources has a twelve month low of C$40.23 and a twelve month high of C$72.92.

Teck Resources Company Profile

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck’s primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world’s second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner.