Teck Resources (TSE:TECK.B) Price Target Raised to C$75.00

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

Several other research analysts have also weighed in on TECK.B. National Bankshares increased their price objective on Teck Resources from C$86.00 to C$90.00 in a research report on Tuesday, October 15th. Raymond James increased their price target on Teck Resources from C$73.00 to C$74.00 in a report on Friday, October 25th. BMO Capital Markets reduced their price objective on shares of Teck Resources from C$80.00 to C$77.00 in a report on Thursday, July 25th. Canaccord Genuity Group lowered their target price on shares of Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Finally, Eight Capital boosted their price target on shares of Teck Resources from C$72.00 to C$75.00 in a research note on Thursday, July 11th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$76.75.

Teck Resources Trading Down 4.3 %

Shares of Teck Resources stock opened at C$67.78 on Wednesday. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The stock’s 50 day simple moving average is C$66.59 and its 200-day simple moving average is C$66.70. The stock has a market cap of C$34.70 billion, a P/E ratio of 24.29, a P/E/G ratio of -0.38 and a beta of 1.37. Teck Resources has a 1-year low of C$47.50 and a 1-year high of C$74.37.

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.