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

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

A number of other equities analysts also recently commented on the company. National Bankshares upped their target price on Teck Resources from C$66.00 to C$70.00 in a report on Friday, February 23rd. Bank of America upped their target price on Teck Resources from C$67.00 to C$88.00 in a report on Tuesday, April 9th. B. Riley decreased their target price on Teck Resources from C$72.00 to C$59.00 and set a buy rating for the company in a report on Tuesday, January 23rd. UBS Group decreased their target price on Teck Resources from C$64.00 to C$63.00 in a report on Wednesday, January 17th. Finally, Scotiabank upped their price target 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. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teck Resources has an average rating of Buy and an average price target of C$71.86.

Teck Resources Stock Performance

Shares of TECK.B stock opened at C$62.20 on Tuesday. The company has a debt-to-equity ratio of 39.21, a quick ratio of 0.97 and a current ratio of 1.10. Teck Resources has a fifty-two week low of C$47.47 and a fifty-two week high of C$69.41. The stock has a 50 day moving average price of C$58.85 and a two-hundred day moving average price of C$54.55. The company has a market capitalization of C$31.75 billion, a P/E ratio of 13.41, 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.