Teck Resources (TSE:TECK.B) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Teck Resources (TSE:TECK.B) had its price objective lifted by research analysts at Raymond James Financial from C$78.00 to C$80.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial’s price objective would suggest a potential downside of 2.71% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Citigroup raised Teck Resources from a “neutral” rating to a “buy” rating and upped 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 upped 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. Desjardins upped their price objective 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. Stifel Nicolaus increased their price target on Teck Resources from C$65.00 to C$80.00 and gave the stock a “hold” rating in a research report on Wednesday, February 11th. Finally, Scotiabank increased their price target 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus 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. The stock’s fifty day moving average is C$74.98 and its two-hundred day moving average is C$68.38. The company has a market capitalization 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 company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. Teck Resources has a 52 week low of C$42.95 and a 52 week high of C$86.48.

Key Stories Impacting Teck Resources

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%.