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

Teck Resources (TSE:TECK.B) had its price target upped by investment analysts at Canaccord Genuity Group from C$59.00 to C$75.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 14.09% from the company’s previous close.

TECK.B has been the subject of a number of other research reports. Scotiabank lifted their price objective on shares of Teck Resources from C$69.00 to C$71.00 and gave the company an “outperform” rating in a research report on Monday, January 15th. National Bankshares lifted their price objective on shares of Teck Resources from C$66.00 to C$70.00 in a research report on Friday, February 23rd. Raymond James decreased their price objective on shares of Teck Resources from C$65.00 to C$64.00 in a research report on Friday, March 1st. UBS Group decreased their price objective on shares of Teck Resources from C$64.00 to C$63.00 in a research report on Wednesday, January 17th. Finally, Jefferies Financial Group lifted their price objective on shares of Teck Resources from C$75.00 to C$80.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$71.29.

Teck Resources Trading Up 1.1 %

Shares of TSE:TECK.B opened at C$65.74 on Wednesday. Teck Resources has a 12 month low of C$47.47 and a 12 month high of C$69.41. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 39.21. The company’s fifty day simple moving average is C$58.07 and its 200 day simple moving average is C$54.39. The firm has a market cap of C$33.56 billion, a price-to-earnings ratio of 14.17, a PEG ratio of -0.38 and a beta of 1.44.

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.