Raymond James Raises Teck Resources (TSE:TECK.B) Price Target to C$70.00

Teck Resources (TSE:TECK.B) had its target price boosted by Raymond James from C$64.00 to C$70.00 in a report published on Tuesday morning, BayStreet.CA reports.

Other equities research analysts have also issued research reports about the company. National Bankshares upped their price target on Teck Resources from C$66.00 to C$70.00 in a research report on Friday, February 23rd. Eight Capital upped their price target on Teck Resources from C$65.00 to C$72.00 and gave the company a buy rating in a research report on Monday. Bank of America upped their price target on Teck Resources from C$67.00 to C$88.00 in a research report on Tuesday, April 9th. UBS Group decreased their target price on Teck Resources from C$64.00 to C$63.00 in a research note on Wednesday, January 17th. Finally, Scotiabank lifted their target price on Teck Resources from C$69.00 to C$71.00 and gave the stock an outperform rating in a report on Monday, January 15th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of Buy and a consensus price target of C$71.86.

Teck Resources Trading Up 8.7 %

TSE TECK.B opened at C$67.65 on Tuesday. The business’s 50-day moving average price is C$59.39 and its two-hundred day moving average price is C$54.69. Teck Resources has a 12 month low of C$47.47 and a 12 month high of C$69.41. The firm has a market capitalization of C$34.54 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of -0.38 and a beta of 1.44. The company has a current ratio of 1.10, a quick ratio of 0.97 and a debt-to-equity ratio of 39.21.

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.