Raymond James Raises Teck Resources (TSE:TECK.B) Price Target to C$75.00

Teck Resources (TSE:TECK.B) had its target price raised by Raymond James from C$74.00 to C$75.00 in a research note released on Wednesday, BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. TD Securities upped their price target on shares of Teck Resources from C$78.00 to C$80.00 in a research report on Tuesday, July 16th. Royal Bank of Canada decreased their price target on shares of Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. National Bankshares raised their price target on shares of Teck Resources from C$86.00 to C$90.00 in a report on Tuesday, October 15th. CIBC reduced their price objective on Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their target price on Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$76.75.

Teck Resources Stock Performance

TSE TECK.B opened at C$68.43 on Wednesday. The firm has a market cap of C$35.04 billion, a price-to-earnings ratio of 24.53, a PEG ratio of -0.38 and a beta of 1.37. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. Teck Resources has a 1-year low of C$47.47 and a 1-year high of C$74.37. The company has a 50 day moving average of C$66.37 and a 200-day moving average of C$66.65.

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.