Raymond James Raises Teck Resources (TSE:TECK.B) Price Target to C$74.00

Teck Resources (TSE:TECK.B) had its price target upped by Raymond James from C$73.00 to C$74.00 in a report published on Friday, BayStreet.CA reports.

Several other equities research analysts also recently commented on TECK.B. 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. Citigroup raised their price objective on Teck Resources from C$64.00 to C$74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Bank of America reduced their target price on Teck Resources from C$88.00 to C$87.00 in a report on Friday, July 5th. Scotiabank dropped their price target on Teck Resources from C$79.00 to C$74.00 in a research report on Friday. Finally, Canaccord Genuity Group cut their price objective on Teck Resources from C$80.00 to C$76.00 in a report on Monday, July 22nd. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Teck Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of C$76.63.

Teck Resources Trading Up 0.8 %

TSE:TECK.B opened at C$66.32 on Friday. 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 firm has a market capitalization of C$33.96 billion, a price-to-earnings ratio of 23.77, a PEG ratio of -0.38 and a beta of 1.37. The business’s 50-day moving average price is C$66.35 and its two-hundred day moving average price is C$66.64.

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.