Raymond James Raises Teck Resources (TSE:TECK.B) Price Target to C$71.00

Teck Resources (TSE:TECK.B) had its price objective hoisted by equities research analysts at Raymond James from C$70.00 to C$71.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 4.89% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Canaccord Genuity Group boosted their price objective on shares of Teck Resources from C$59.00 to C$75.00 in a report on Wednesday, April 17th. JPMorgan Chase & Co. boosted their price objective on shares of Teck Resources from C$70.00 to C$72.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. UBS Group lowered their price objective on shares of Teck Resources from C$64.00 to C$63.00 in a report on Wednesday, January 17th. National Bankshares upped their price target on shares of Teck Resources from C$66.00 to C$70.00 in a report on Friday, February 23rd. Finally, Scotiabank upped their price target on shares of Teck Resources from C$69.00 to C$71.00 and gave the company an “outperform” rating in a report on Monday, January 15th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$72.00.

Teck Resources Trading Down 3.0 %

Shares of TECK.B opened at C$67.69 on Monday. The firm has a market cap of C$34.56 billion, a price-to-earnings ratio of 14.59, a PEG ratio of -0.38 and a beta of 1.44. The company has a debt-to-equity ratio of 39.21, a quick ratio of 0.97 and a current ratio of 1.10. Teck Resources has a fifty-two week low of C$47.47 and a fifty-two week high of C$70.50. The firm has a 50 day moving average price of C$60.41 and a 200-day moving average price of C$54.98.

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.