Teck Resources (TSE:TECK.B) PT Raised to C$76.00

Teck Resources (TSE:TECK.B) had its price objective increased by JPMorgan Chase & Co. from C$72.00 to C$76.00 in a report published on Thursday, BayStreet.CA reports.

TECK.B has been the topic of several other research reports. Canaccord Genuity Group boosted their price target on Teck Resources from C$75.00 to C$80.00 in a research note on Monday, May 13th. Eight Capital boosted their price target on Teck Resources from C$72.00 to C$75.00 in a research note on Thursday, July 11th. Scotiabank lifted their price objective on Teck Resources from C$83.00 to C$85.00 and gave the company an outperform rating in a research report on Monday, July 15th. National Bankshares lifted their price objective on Teck Resources from C$82.50 to C$86.00 and gave the company an outperform rating in a research report on Monday, July 15th. Finally, TD Securities lifted their price objective on Teck Resources from C$78.00 to C$80.00 in a research report on Tuesday, July 16th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of Buy and an average price target of C$76.77.

Teck Resources Price Performance

Shares of TECK.B stock opened at C$64.22 on Thursday. The stock’s fifty day simple moving average is C$67.96 and its 200 day simple moving average is C$61.55. The company has a debt-to-equity ratio of 37.28, a current ratio of 1.49 and a quick ratio of 0.97. The firm has a market cap of C$32.84 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of -0.38 and a beta of 1.42. Teck Resources has a one year low of C$47.47 and a one 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.