Teck Resources (TSE:TECK.B) Price Target Raised to C$70.00 at Raymond James

Teck Resources (TSE:TECK.B - Get Free Report) had its price objective upped by analysts at Raymond James from C$64.00 to C$70.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Raymond James' target price indicates a potential upside of 12.54% from the company's previous close.

A number of other brokerages have also recently issued reports on TECK.B. UBS Group cut their target price on shares of Teck Resources from C$64.00 to C$63.00 in a research report on Wednesday, January 17th. National Bankshares boosted their price objective on shares of Teck Resources from C$66.00 to C$70.00 in a research report on Friday, February 23rd. Eight Capital upped their price target on shares of Teck Resources from C$65.00 to C$72.00 and gave the stock a "buy" rating in a research report on Monday. Bank of America upped their price target on shares of Teck Resources from C$67.00 to C$88.00 in a research report on Tuesday, April 9th. Finally, Canaccord Genuity Group upped their price target on shares of Teck Resources from C$59.00 to C$75.00 in a research report on Wednesday, April 17th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teck Resources presently has a consensus rating of "Buy" and a consensus price target of C$71.86.

Teck Resources Price Performance

TECK.B stock traded down C$0.63 during trading on Tuesday, reaching C$62.20. 1,135,573 shares of the company were exchanged, compared to its average volume of 1,068,193. The company has a market cap of C$31.75 billion, a P/E ratio of 13.37, a PEG ratio of -0.38 and a beta of 1.44. Teck Resources has a 52-week low of C$47.47 and a 52-week high of C$69.41. The stock's 50 day moving average price is C$58.61 and its 200 day moving average price is C$54.50. The company has a debt-to-equity ratio of 39.21, a quick ratio of 0.97 and a current ratio of 1.10.

About Teck Resources

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.