Teck Resources (TSE:TECK.B) Given New C$75.00 Price Target at Canaccord Genuity Group

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

A number of other analysts also recently commented on TECK.B. National Bankshares boosted their price objective on Teck Resources from C$66.00 to C$70.00 in a research note on Friday, February 23rd. Raymond James cut their target price on Teck Resources from C$65.00 to C$64.00 in a research report on Friday, March 1st. B. Riley cut their target price on Teck Resources from C$72.00 to C$59.00 and set a buy rating on the stock in a research report on Tuesday, January 23rd. Bank of America boosted their target price on Teck Resources from C$67.00 to C$88.00 in a research report on Tuesday, April 9th. Finally, UBS Group cut their target price on Teck Resources from C$64.00 to C$63.00 in a research report on Wednesday, January 17th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Teck Resources has an average rating of Buy and an average price target of C$71.29.

Teck Resources Stock Down 0.2 %

TECK.B opened at C$65.01 on Wednesday. Teck Resources has a one year low of C$47.47 and a one year high of C$69.41. 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 stock’s fifty day moving average is C$57.77 and its 200-day moving average is C$54.31. The company has a market capitalization of C$33.19 billion, a PE ratio of 14.01, 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.