Teck Resources (TSE:TECK.A) Price Target Raised to C$80.00 at Jefferies Financial Group

Teck Resources (TSE:TECK.A) had its target price raised by Jefferies Financial Group from C$74.00 to C$80.00 in a research report report published on Monday,BayStreet.CA reports.

Teck Resources Stock Up 0.1%

TSE:TECK.A opened at C$60.40 on Monday. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The stock has a 50 day moving average of C$50.62 and a 200-day moving average of C$50.96. The firm has a market capitalization of C$29.47 billion, a PE ratio of 104.14 and a beta of 1.72. Teck Resources has a 52 week low of C$40.49 and a 52 week high of C$71.25.

Teck Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, September 15th. Teck Resources’s dividend payout ratio is currently 86.21%.

About Teck Resources

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck’s primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world’s second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner.