Teck Resources (TSE:TECK.B) Given New C$73.00 Price Target at Raymond James

Teck Resources (TSE:TECK.B) had its price target upped by Raymond James from C$71.00 to C$73.00 in a research note issued to investors on Monday, BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 3.60% from the stock’s current price.

Several other brokerages have also recently weighed in on TECK.B. TD Securities lifted their price objective on shares of Teck Resources from C$78.00 to C$80.00 in a research note on Tuesday, July 16th. BMO Capital Markets lowered their price objective on shares of Teck Resources from C$80.00 to C$77.00 in a report on Thursday, July 25th. Jefferies Financial Group upped their target price on shares of Teck Resources from C$80.00 to C$85.00 in a research note on Monday, July 8th. National Bankshares raised their price target on Teck Resources from C$82.50 to C$86.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, CIBC set a C$80.00 price target on Teck Resources and gave the company an “outperform” rating in a report on Friday, July 12th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$76.60.

Teck Resources Trading Down 0.6 %

TSE TECK.B traded down C$0.43 on Monday, hitting C$70.46. 431,406 shares of the stock were exchanged, compared to its average volume of 1,171,674. The company’s 50-day moving average price is C$64.27 and its two-hundred day moving average price is C$65.58. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. Teck Resources has a 52-week low of C$47.47 and a 52-week high of C$74.37. The company has a market capitalization of C$36.08 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of -0.38 and a beta of 1.36.

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.