Teck Resources (TSE:TECK.B) Price Target Raised to C$71.00 at Raymond James

Teck Resources (TSE:TECK.B - Get Free Report) had its target price raised by equities researchers at Raymond James from C$70.00 to C$71.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James' price objective would indicate a potential upside of 1.76% from the company's previous close.

A number of other research firms have also commented on TECK.B. Canaccord Genuity Group increased their price target on Teck Resources from C$59.00 to C$75.00 in a research report on Wednesday, April 17th. JPMorgan Chase & Co. boosted their price target on shares of Teck Resources from C$70.00 to C$72.00 and gave the stock an "overweight" rating in a report on Friday. B. Riley decreased 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 target price on Teck Resources from C$67.00 to C$88.00 in a report on Tuesday, April 9th. Finally, National Bankshares boosted their price objective on Teck Resources from C$66.00 to C$70.00 in a research report on Friday, February 23rd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, Teck Resources presently has an average rating of "Buy" and a consensus target price of C$72.00.

Teck Resources Stock Up 1.3 %

Shares of TECK.B traded up C$0.92 during trading hours on Monday, reaching C$69.77. The stock had a trading volume of 1,856,109 shares, compared to its average volume of 1,097,045. The company has a market capitalization of C$35.62 billion, a price-to-earnings ratio of 15.04, a P/E/G ratio of -0.38 and a beta of 1.44. The firm has a 50-day simple moving average of C$60.08 and a 200 day simple moving average of C$54.87. The company has a current ratio of 1.10, a quick ratio of 0.97 and a debt-to-equity ratio of 39.21. Teck Resources has a 12 month low of C$47.47 and a 12 month high of C$70.50.

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.