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

Teck Resources (TSE:TECK.B) 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.

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

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.