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

Teck Resources (TSE:TECK.BGet Free Report) had its price objective upped by stock 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’ price objective points to a potential upside of 12.85% from the company’s current price.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group upped their price objective on Teck Resources from C$75.00 to C$80.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Canaccord Genuity Group increased their price objective on shares of Teck Resources from C$59.00 to C$75.00 in a report on Wednesday, April 17th. UBS Group lowered their target price on shares of Teck Resources from C$64.00 to C$63.00 in a report on Wednesday, January 17th. B. Riley cut their target price 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. Finally, Bank of America lifted their price target on shares of Teck Resources from C$67.00 to C$88.00 in a report on Tuesday, April 9th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$71.86.

Read Our Latest Stock Analysis on Teck Resources

Teck Resources Stock Performance

Shares of Teck Resources stock traded down C$0.80 on Tuesday, hitting C$62.03. 730,565 shares of the company’s stock were exchanged, compared to its average volume of 1,062,789. 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 stock has a market capitalization of C$31.67 billion, a PE ratio of 13.37, a PEG ratio of -0.38 and a beta of 1.44. Teck Resources has a 1 year low of C$47.47 and a 1 year high of C$69.41. The company has a 50-day simple moving average of C$58.61 and a 200-day simple moving average of C$54.50.

Teck Resources Company Profile

(Get Free Report)

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.

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