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

Teck Resources (TSE:TECK.B) had its price target lifted by investment analysts at Raymond James from C$70.00 to C$75.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 23.89% from the company’s previous close.

A number of other analysts have also issued reports on TECK.B. JPMorgan Chase & Co. cut their target price on Teck Resources from C$78.00 to C$76.00 in a research report on Friday, October 25th. Citigroup cut their target price on Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating on the stock in a research report on Thursday. Jefferies Financial Group cut their target price on Teck Resources from C$80.00 to C$70.00 in a research report on Monday, January 6th. National Bankshares downgraded shares of Teck Resources from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$85.00 to C$77.50 in a research note on Tuesday, December 10th. Finally, Canaccord Genuity Group lowered their target price on shares of Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$76.29.

Teck Resources Trading Up 2.0 %

Shares of TECK.B stock traded up C$1.21 during trading on Thursday, hitting C$60.54. 361,422 shares of the stock traded hands, compared to its average volume of 916,430. The firm has a market capitalization of C$31.00 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. 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’s fifty day moving average price is C$61.68 and its 200-day moving average price is C$64.34. Teck Resources has a 52-week low of C$49.45 and a 52-week high of C$74.37.

Teck Resources Company Profile

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck’s primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world’s second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner.