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

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

Other equities research analysts also recently issued research reports about the stock. Citigroup increased their target price on shares of Teck Resources from C$64.00 to C$74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. TD Securities increased their price objective on Teck Resources from C$78.00 to C$80.00 in a report on Tuesday, July 16th. CIBC lowered their target price on Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Scotiabank upped their target price on Teck Resources from C$74.00 to C$75.00 in a research report on Wednesday. Finally, National Bankshares lifted their price target on Teck Resources from C$86.00 to C$90.00 in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$76.75.

Teck Resources Price Performance

TSE TECK.B opened at C$68.43 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 firm has a market capitalization of C$35.04 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The company has a 50 day simple moving average of C$66.37 and a 200-day simple moving average of C$66.65. Teck Resources has a 52-week low of C$47.47 and a 52-week 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.