TD Securities Issues Positive Forecast for Teck Resources (TSE:TECK.B) Stock Price

Teck Resources (TSE:TECK.B) had its price target hoisted by TD Securities from C$76.00 to C$82.00 in a research report released on Monday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other research firms have also weighed in on TECK.B. Scotiabank upped their target price on shares of Teck Resources from C$60.00 to C$70.00 and gave the stock a “sector perform” rating in a report on Thursday, January 8th. Jefferies Financial Group boosted their price target on shares of Teck Resources from C$71.00 to C$80.00 in a research report on Monday, January 12th. Desjardins upped their price objective on shares of Teck Resources from C$65.00 to C$74.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Citigroup raised shares of Teck Resources from a “neutral” rating to a “buy” rating and raised their price objective for the stock from C$76.00 to C$104.00 in a report on Monday, February 2nd. Finally, Stifel Nicolaus lifted their target price on shares of Teck Resources from C$65.00 to C$80.00 and gave the company a “hold” rating in a research note on Wednesday, February 11th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$75.50.

Teck Resources Trading Down 0.4%

Shares of TECK.B opened at C$81.02 on Monday. 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 stock has a market cap of C$39.56 billion, a PE ratio of 32.54, a PEG ratio of -0.38 and a beta of 2.06. Teck Resources has a 1 year low of C$40.23 and a 1 year high of C$82.95. The stock has a 50 day simple moving average of C$71.83 and a 200-day simple moving average of C$61.39.

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%.