Teck Resources (TSE:TECK.B) PT Raised to C$52.00

Teck Resources (TSE:TECK.BGet Rating) had its target price upped by CIBC from C$50.00 to C$52.00 in a research note issued on Monday, BayStreet.CA reports. CIBC’s price target points to a potential upside of 3.88% from the stock’s current price.

A number of other analysts have also commented on TECK.B. National Bankshares boosted their price target on Teck Resources from C$60.00 to C$65.00 in a report on Tuesday, April 19th. TD Securities boosted their price target on Teck Resources from C$54.00 to C$70.00 and gave the stock an “action list buy” rating in a research report on Monday, March 7th. Royal Bank of Canada boosted their price target on Teck Resources from C$52.00 to C$61.00 and gave the stock an “outperform” rating in a research report on Thursday. Scotiabank lifted their price target on Teck Resources from C$64.00 to C$65.00 in a report on Thursday. Finally, B. Riley reissued a “buy” rating and set a C$58.00 price target on shares of Teck Resources in a report on Thursday. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$54.41.

Shares of TSE TECK.B traded down C$0.62 during midday trading on Monday, hitting C$50.06. The stock had a trading volume of 1,000,761 shares, compared to its average volume of 2,180,543. The company has a debt-to-equity ratio of 39.25, a current ratio of 1.62 and a quick ratio of 0.91. Teck Resources has a fifty-two week low of C$24.84 and a fifty-two week high of C$56.67. The company’s 50-day simple moving average is C$50.02 and its 200 day simple moving average is C$41.89. The firm has a market cap of C$27.01 billion and a P/E ratio of 9.44.

Teck Resources Company Profile (Get Rating)

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.

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