Teck Resources (TSE:TECK.B) Given New C$80.00 Price Target at National Bankshares

Teck Resources (TSE:TECK.B) had its target price upped by National Bankshares from C$70.00 to C$80.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on the stock. Desjardins raised their price target on shares of Teck Resources from C$65.00 to C$74.00 and gave the company a “hold” rating in a research note on Monday. Jefferies Financial Group boosted their target price on shares of Teck Resources from C$71.00 to C$80.00 in a research note on Monday, January 12th. Citigroup increased their price target on Teck Resources from C$55.00 to C$60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. TD Securities lowered Teck Resources from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$70.00 to C$76.00 in a research report on Thursday, January 22nd. Finally, Raymond James Financial dropped their target price on Teck Resources from C$64.00 to C$63.00 in a research report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Teck Resources presently has an average rating of “Hold” and an average target price of C$67.58.

Teck Resources Price Performance

Shares of TECK.B stock opened at C$78.67 on Thursday. 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 twelve month low of C$40.23 and a twelve month high of C$82.00. The company has a market cap of C$38.41 billion, a P/E ratio of 31.59, a P/E/G ratio of -0.38 and a beta of 2.03. The business has a fifty day simple moving average of C$65.60 and a 200 day simple moving average of C$57.59.

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%.