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

Teck Resources (TSE:TECK.B) had its target price boosted by stock analysts at Raymond James from C$74.00 to C$75.00 in a research note issued on Wednesday,BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 5.93% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on TECK.B. BMO Capital Markets lowered their price target on Teck Resources from C$80.00 to C$77.00 in a research report on Thursday, July 25th. TD Securities raised their price objective on Teck Resources from C$78.00 to C$80.00 in a report on Tuesday, July 16th. Canaccord Genuity Group cut their target price on Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Royal Bank of Canada decreased their price target on shares of Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Finally, Scotiabank upped their price objective on shares of Teck Resources from C$74.00 to C$75.00 in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$76.75.

Teck Resources Stock Performance

Teck Resources stock opened at C$70.80 on Wednesday. Teck Resources has a fifty-two week low of C$47.47 and a fifty-two week high of C$74.37. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The stock has a market cap of C$36.25 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The firm’s fifty day moving average price is C$66.37 and its 200-day moving average price is C$66.65.

Teck Resources Company Profile

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.