Canaccord Genuity Group Raises Teck Resources (TSE:TECK.B) Price Target to C$75.00

Teck Resources (TSE:TECK.B) had its target price raised by Canaccord Genuity Group from C$59.00 to C$75.00 in a report issued on Wednesday morning, BayStreet.CA reports.

TECK.B has been the topic of several other reports. Bank of America increased their price target on Teck Resources from C$67.00 to C$88.00 in a report on Tuesday, April 9th. Scotiabank increased their price objective on Teck Resources from C$69.00 to C$71.00 and gave the stock an outperform rating in a research note on Monday, January 15th. B. Riley dropped their price objective on Teck Resources from C$72.00 to C$59.00 and set a buy rating on the stock in a research note on Tuesday, January 23rd. Jefferies Financial Group increased their price objective on Teck Resources from C$75.00 to C$80.00 and gave the stock a buy rating in a research note on Friday, April 12th. Finally, UBS Group dropped their price objective on Teck Resources from C$64.00 to C$63.00 in a research note on Wednesday, January 17th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teck Resources currently has an average rating of Buy and a consensus target price of C$71.29.

Teck Resources Trading Down 1.4 %

Shares of TSE TECK.B opened at C$64.81 on Wednesday. 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 business’s 50 day moving average price is C$58.37 and its 200-day moving average price is C$54.45. Teck Resources has a fifty-two week low of C$47.47 and a fifty-two week high of C$69.41. The company has a market cap of C$33.09 billion, a price-to-earnings ratio of 13.97, 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.