Teck Resources (TSE:TECK.B) Price Target Raised to C$75.00

Teck Resources (TSE:TECK.B - Free Report) had its target price increased by Canaccord Genuity Group from C$59.00 to C$75.00 in a research note released on Wednesday morning, BayStreet.CA reports.

Several other equities analysts have also commented on TECK.B. Raymond James reduced their target price on shares of Teck Resources from C$65.00 to C$64.00 in a report on Friday, March 1st. Bank of America increased their target price on shares of Teck Resources from C$67.00 to C$88.00 in a report on Tuesday, April 9th. 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. 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. Finally, 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. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of C$69.87.

Teck Resources Price Performance

TSE:TECK.B traded down C$0.10 during mid-day trading on Wednesday, reaching C$65.01. The stock had a trading volume of 1,242,757 shares, compared to its average volume of 1,061,034. Teck Resources has a one year low of C$47.47 and a one 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 firm has a 50 day moving average price of C$57.77 and a two-hundred day moving average price of C$54.31. The stock has a market capitalization of C$33.19 billion, a P/E ratio of 14.01, a P/E/G 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.