Teck Resources (TSE:TECK.B) PT Raised to C$70.00 at Raymond James

Teck Resources (TSE:TECK.B) had its price target increased by Raymond James from C$64.00 to C$70.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also recently commented on TECK.B. B. Riley lowered their price target on Teck Resources from C$72.00 to C$59.00 and set a buy rating for the company in a research note on Tuesday, January 23rd. National Bankshares upped their price target on Teck Resources from C$66.00 to C$70.00 in a research note 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 note on Monday, April 22nd. Scotiabank boosted their price objective on Teck Resources from C$69.00 to C$71.00 and gave the company an outperform rating in a research report on Monday, January 15th. Finally, Canaccord Genuity Group boosted their price objective on Teck Resources from C$59.00 to C$75.00 in a research report on Wednesday, April 17th. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of Buy and a consensus target price of C$72.50.

Teck Resources Stock Performance

Teck Resources stock opened at C$68.85 on Tuesday. The stock has a 50-day simple moving average of C$59.73 and a 200 day simple moving average of C$54.78. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 39.21. Teck Resources has a 12-month low of C$47.47 and a 12-month high of C$69.59. The stock has a market capitalization of C$35.15 billion, a price-to-earnings ratio of 14.84, a P/E/G ratio of -0.38 and a beta of 1.44.

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.