Canaccord Genuity Group Boosts Teck Resources (TSE:TECK.B) Price Target to C$80.00

Teck Resources (TSE:TECK.B - Get Free Report) had its price target boosted by equities researchers at Canaccord Genuity Group from C$75.00 to C$80.00 in a report issued on Monday, BayStreet.CA reports. Canaccord Genuity Group's target price suggests a potential upside of 13.80% from the company's current price.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group boosted their target price on Teck Resources from C$75.00 to C$80.00 and gave the company a "buy" rating in a research note on Friday, April 12th. Bank of America boosted their price target on Teck Resources from C$67.00 to C$88.00 in a research report on Tuesday, April 9th. Eight Capital lifted their target price on Teck Resources from C$65.00 to C$72.00 and gave the stock a "buy" rating in a research note on Monday, April 22nd. Raymond James increased their price target on Teck Resources from C$70.00 to C$71.00 and gave the company an "outperform" rating in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Teck Resources from C$70.00 to C$72.00 and gave the stock an "overweight" rating in a research report on Friday, April 26th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$72.45.

Teck Resources Price Performance

TSE TECK.B traded down C$0.40 on Monday, hitting C$70.30. 612,468 shares of the company were exchanged, compared to its average volume of 1,093,574. The firm has a 50 day moving average of C$62.99 and a two-hundred day moving average of C$55.83. Teck Resources has a 1-year low of C$47.47 and a 1-year high of C$71.52. The company has a current ratio of 1.49, a quick ratio of 0.97 and a debt-to-equity ratio of 37.28. The company has a market cap of C$35.94 billion, a P/E ratio of 22.93, 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.