Raymond James Increases Teck Resources (TSE:TECK.B) Price Target to C$71.00

Teck Resources (TSE:TECK.B) had its target price hoisted by Raymond James from C$70.00 to C$71.00 in a research note issued to investors on Monday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on TECK.B. Canaccord Genuity Group lifted their price objective on shares of Teck Resources from C$59.00 to C$75.00 in a research report on Wednesday, April 17th. UBS Group decreased their price target on Teck Resources from C$64.00 to C$63.00 in a report on Wednesday, January 17th. Jefferies Financial Group increased their price objective on Teck Resources from C$75.00 to C$80.00 and gave the company a buy rating in a report on Friday, April 12th. 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 research note on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Teck Resources from C$70.00 to C$72.00 and gave the company an overweight rating in a research note on Friday. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, Teck Resources currently has an average rating of Buy and a consensus price target of C$72.00.

Teck Resources Stock Up 1.3 %

Shares of TSE:TECK.B opened at C$69.77 on Monday. Teck Resources has a fifty-two week low of C$47.47 and a fifty-two week high of C$70.50. The firm’s 50 day moving average price is C$60.08 and its 200 day moving average price is C$54.87. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 39.21. The stock has a market cap of C$35.62 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth 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.