Free Trial

Teck Resources (TSE:TECK.B) Price Target Raised to C$66.00

Teck Resources logo with Basic Materials background

Teck Resources (TSE:TECK.B - Get Free Report) had its target price raised by stock analysts at National Bankshares from C$65.00 to C$66.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' price objective would suggest a potential upside of 24.65% from the company's previous close.

TECK.B has been the subject of a number of other reports. TD Securities dropped their price objective on Teck Resources from C$73.00 to C$62.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on Teck Resources from C$72.00 to C$58.00 in a report on Thursday, April 10th. Desjardins cut their price target on Teck Resources from C$74.00 to C$72.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group decreased their price objective on shares of Teck Resources from C$67.00 to C$55.00 in a research report on Wednesday, April 23rd. Finally, Citigroup dropped their price objective on shares of Teck Resources from C$68.00 to C$55.00 and set a "neutral" rating on the stock in a research note on Monday, June 9th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$69.80.

Read Our Latest Stock Report on Teck Resources

Teck Resources Trading Down 1.1%

Shares of Teck Resources stock traded down C$0.58 during trading on Wednesday, reaching C$52.95. 861,186 shares of the stock were exchanged, compared to its average volume of 1,364,592. 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 stock's fifty day moving average is C$51.85 and its 200 day moving average is C$54.85. The firm has a market cap of C$27.11 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. Teck Resources has a 1 year low of C$40.23 and a 1 year high of C$72.92.

About Teck Resources

(Get Free Report)

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.

See Also

Analyst Recommendations for Teck Resources (TSE:TECK.B)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Teck Resources Right Now?

Before you consider Teck Resources, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Teck Resources wasn't on the list.

While Teck Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines