National Bank Financial Raises Teck Resources (TSE:TECK.B) Price Target to C$92.50

Teck Resources (TSE:TECK.B) had its price objective upped by stock analysts at National Bank Financial from C$90.00 to C$92.50 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 12.49% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Desjardins raised their target price on Teck Resources from C$65.00 to C$74.00 and gave the company a “hold” rating in a research report on Monday, January 26th. 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. Canadian Imperial Bank of Commerce lifted their price objective on Teck Resources from C$61.00 to C$77.00 in a research report on Wednesday, February 4th. TD Securities lifted their price objective on Teck Resources from C$76.00 to C$82.00 and gave the stock a “hold” rating in a research report on Monday, February 23rd. Finally, Scotiabank lifted their price objective on Teck Resources from C$70.00 to C$75.00 in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$80.25.

Teck Resources Stock Performance

TSE TECK.B opened at C$82.23 on Friday. The company has a market cap of C$40.26 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of -0.38 and a beta of 1.82. The stock’s 50 day simple moving average is C$74.98 and its 200-day simple moving average is C$68.38. Teck Resources has a 1-year low of C$42.95 and a 1-year high of C$86.48. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97.

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

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. 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%.