Teck Resources (TSE:TECK.B) Price Target Raised to C$77.00 at Raymond James Financial

Teck Resources (TSE:TECK.B) had its price target upped by Raymond James Financial from C$70.00 to C$77.00 in a research report report published on Monday,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus raised their target price on shares of Teck Resources from C$60.00 to C$65.00 in a research note on Tuesday, October 21st. Jefferies Financial Group raised their price objective on Teck Resources from C$71.00 to C$80.00 in a research report on Monday, January 12th. Canadian Imperial Bank of Commerce boosted their target price on Teck Resources from C$61.00 to C$77.00 in a research note on Wednesday, February 4th. Citigroup upgraded Teck Resources from a “neutral” rating to a “buy” rating and increased their price target for the company from C$76.00 to C$104.00 in a research note on Monday, February 2nd. Finally, Desjardins raised their price target on Teck Resources from C$65.00 to C$74.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Teck Resources has an average rating of “Hold” and a consensus price target of C$73.75.

Teck Resources Stock Performance

TECK.B stock opened at C$78.52 on Monday. Teck Resources has a one year low of C$40.23 and a one year high of C$82.18. The firm has a market cap of C$38.34 billion, a price-to-earnings ratio of 31.53, a PEG ratio of -0.38 and a beta of 2.06. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The firm has a 50-day simple moving average of C$67.96 and a two-hundred day simple moving average of C$58.88.

Teck Resources Company Profile

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. It is building a major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, which will increase Teck’s attributable copper production by around 80%.