Eight Capital Boosts Teck Resources (TSE:TECK.B) Price Target to C$72.00

Teck Resources (TSE:TECK.B) had its target price boosted by Eight Capital from C$65.00 to C$72.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on TECK.B. UBS Group lowered their price objective on Teck Resources from C$64.00 to C$63.00 in a research report on Wednesday, January 17th. National Bankshares lifted their price objective on Teck Resources from C$66.00 to C$70.00 in a report on Friday, February 23rd. Scotiabank boosted their target price on Teck Resources from C$69.00 to C$71.00 and gave the stock an outperform rating in a research report on Monday, January 15th. Canaccord Genuity Group raised their price target on shares of Teck Resources from C$59.00 to C$75.00 in a report on Wednesday, April 17th. Finally, Raymond James decreased their price objective on shares of Teck Resources from C$65.00 to C$64.00 in a report on Friday, March 1st. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, Teck Resources has an average rating of Buy and a consensus target price of C$71.86.

Teck Resources Price Performance

TECK.B stock opened at C$62.23 on Monday. The company has a debt-to-equity ratio of 39.21, a quick ratio of 0.97 and a current ratio of 1.10. The firm has a 50 day moving average price of C$59.07 and a 200-day moving average price of C$54.60. Teck Resources has a 52-week low of C$47.47 and a 52-week high of C$69.41. The firm has a market capitalization of C$31.77 billion, a price-to-earnings ratio of 13.41, a PEG ratio of -0.38 and a beta of 1.44.

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.