Canaccord Genuity Group Raises Teck Resources (TSE:TECK.B) Price Target to C$85.50

Teck Resources (TSE:TECK.B) had its target price hoisted by research analysts at Canaccord Genuity Group from C$78.00 to C$85.50 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 3.98% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Citigroup raised Teck Resources from a “neutral” rating to a “buy” rating and lifted their price objective for the company from C$76.00 to C$104.00 in a research report on Monday, February 2nd. Canadian Imperial Bank of Commerce lifted their price objective on Teck Resources from C$79.00 to C$83.00 and gave the company a “tender” rating in a research report on Friday. Jefferies Financial Group lifted their price objective on Teck Resources from C$71.00 to C$80.00 in a research report on Monday, January 12th. Scotiabank lifted their price objective on Teck Resources from C$70.00 to C$75.00 in a research report on Tuesday, April 14th. Finally, Raymond James Financial lifted their price objective on Teck Resources from C$78.00 to C$80.00 and gave the company a “market perform” rating in a research report on Friday. Two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$80.25.

Teck Resources Stock Performance

Shares of Teck Resources stock opened at C$82.23 on Friday. Teck Resources has a 12 month low of C$42.95 and a 12 month high of C$86.48. 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 firm has a market capitalization of C$40.26 billion, a P/E ratio of 29.06, a P/E/G ratio of -0.38 and a beta of 1.82. The business has a fifty day simple moving average of C$74.98 and a two-hundred day simple moving average of C$68.38.

Teck Resources News Roundup

Here are the key news stories impacting Teck Resources this week:

• Positive Sentiment: National Bank Financial raised its price target to C$92.50 and kept a “sector perform” rating, implying roughly 12.7% upside vs. the current price — a meaningful upward revision that can lend support to the share price. Article Title
• Positive Sentiment: Canaccord Genuity raised its target to C$85.50 and maintained a “hold” rating, representing ~4.1% upside — another incremental boost to analyst-driven demand. Article Title
• Neutral Sentiment: Canadian Imperial Bank of Commerce nudged its target to C$83.00 with a “tender” rating, only ~1.1% above the current price — a marginal move unlikely to drive large flows. Article Title
• Negative Sentiment: Raymond James raised its target to C$80.00 but keeps a “market perform” rating, which sits below the current price (~2.6% downside) and could weigh on sentiment among more cautious investors. Article Title Ticker Report
• Negative Sentiment: Operationally, Teck warned of cost pressure in Chile tied to a fuel squeeze — higher operating costs or production disruptions in copper/other metals regions could compress margins and cap upside. Article Title

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%.