Stifel Nicolaus Issues Positive Forecast for Teck Resources (TSE:TECK.B) Stock Price

Teck Resources (TSE:TECK.B) had its target price raised by Stifel Nicolaus from C$60.00 to C$65.00 in a report released on Tuesday morning,BayStreet.CA reports.

TECK.B has been the topic of a number of other research reports. National Bankshares lowered shares of Teck Resources from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$62.50 to C$65.00 in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Teck Resources from C$56.00 to C$60.00 in a research note on Thursday, October 9th. Raymond James Financial cut their price target on shares of Teck Resources from C$64.00 to C$63.00 in a research note on Friday, October 10th. Jefferies Financial Group lifted their price target on shares of Teck Resources from C$60.00 to C$74.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Finally, Citigroup lifted their price target on shares of 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. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Teck Resources has an average rating of “Moderate Buy” and an average target price of C$67.00.

Teck Resources Stock Down 3.4%

Shares of TSE TECK.B opened at C$60.04 on Tuesday. The stock has a market cap of C$29.30 billion, a P/E ratio of 103.52, a P/E/G ratio of -0.38 and a beta of 1.83. The firm has a 50 day moving average price of C$53.51 and a 200 day moving average price of C$51.07. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. Teck Resources has a 52-week low of C$40.23 and a 52-week high of C$71.11.

Teck Resources Company Profile

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.