Jefferies Financial Group Raises Teck Resources (TSE:TECK.B) Price Target to C$80.00

Teck Resources (TSE:TECK.B - Free Report) had its target price boosted by Jefferies Financial Group from C$75.00 to C$80.00 in a research note released on Friday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. B. Riley dropped their price objective on shares of Teck Resources from C$72.00 to C$59.00 and set a buy rating for the company in a research note on Tuesday, January 23rd. Bank of America upped their price objective on shares of Teck Resources from C$67.00 to C$88.00 in a research note on Tuesday. Scotiabank upped their price objective on shares of Teck Resources from C$69.00 to C$71.00 and gave the company an outperform rating in a research note on Monday, January 15th. Raymond James dropped their price objective on shares of Teck Resources from C$65.00 to C$64.00 in a research note on Friday, March 1st. Finally, Canaccord Genuity Group dropped their price objective on shares of Teck Resources from C$62.00 to C$56.00 and set a buy rating for the company in a research note on Thursday, January 18th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of Buy and a consensus price target of C$68.60.

Teck Resources Price Performance

Shares of TECK.B traded down C$0.44 during mid-day trading on Friday, hitting C$66.01. 1,110,432 shares of the company were exchanged, compared to its average volume of 1,043,895. 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 quick ratio of 0.97 and a current ratio of 1.10. The company has a 50 day moving average of C$56.72 and a 200-day moving average of C$54.06. The stock has a market cap of C$33.70 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of -0.38 and a beta of 1.44.

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.