Eight Capital Increases Teck Resources (TSE:TECK.B) Price Target to C$72.00

Teck Resources (TSE:TECK.B - Get Free Report) had its price objective hoisted by analysts at Eight Capital from C$65.00 to C$72.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Eight Capital's price objective would indicate a potential upside of 14.59% from the company's current price.

Other equities research analysts have also issued reports about the company. Scotiabank increased their price target on Teck Resources from C$69.00 to C$71.00 and gave the stock an "outperform" rating in a research report on Monday, January 15th. B. Riley decreased their price target on Teck Resources from C$72.00 to C$59.00 and set a "buy" rating on the stock in a research report on Tuesday, January 23rd. Raymond James decreased their price objective on Teck Resources from C$65.00 to C$64.00 in a research report on Friday, March 1st. UBS Group decreased their price objective on Teck Resources from C$64.00 to C$63.00 in a research report on Wednesday, January 17th. Finally, Bank of America increased their price objective on Teck Resources from C$67.00 to C$88.00 in a research report on Tuesday, April 9th. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$71.43.

Teck Resources Price Performance

Shares of TECK.B stock traded down C$1.98 during trading hours on Monday, hitting C$62.83. The company had a trading volume of 1,522,883 shares, compared to its average volume of 1,067,302. Teck Resources has a 12 month low of C$47.47 and a 12 month high of C$69.41. The firm has a market capitalization of C$32.08 billion, a price-to-earnings ratio of 13.61, a PEG ratio of -0.38 and a beta of 1.44. The firm's fifty day moving average is C$58.37 and its 200 day moving average is C$54.45. The company has a debt-to-equity ratio of 39.21, a quick ratio of 0.97 and a current ratio of 1.10.

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.