Teck Resources (TSE:TECK.A) Given New C$80.00 Price Target at Jefferies Financial Group

Key Points

• Jefferies Financial Group has raised the price target for Teck Resources from C$74.00 to C$80.00, indicating a potential upside of 30.76% from its current price.
• Teck Resources' stock recently increased by C$0.83 to reach C$61.18, with a market capitalization of C$29.85 billion.
• The company operates in multiple commodities, ranking as the world's second-largest exporter of seaborne metallurgical coal, emphasizing its significance in the mining sector.

Teck Resources (TSE:TECK.A - Get Free Report) had its target price upped by investment analysts at Jefferies Financial Group from C$74.00 to C$80.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group's target price would indicate a potential upside of 30.76% from the company's current price.

Teck Resources Price Performance

TSE TECK.A traded up C$0.83 on Monday, reaching C$61.18. The company had a trading volume of 2,926 shares, compared to its average volume of 2,374. The firm's 50 day moving average price is C$50.37 and its 200 day moving average price is C$50.95. Teck Resources has a 12 month low of C$40.49 and a 12 month high of C$71.25. The stock has a market capitalization of C$29.85 billion, a PE ratio of 105.48 and a beta of 1.72. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46.

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.

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