Teck Resources (TSE:TECK.B) Given New C$72.00 Price Target at Eight Capital

Teck Resources (TSE:TECK.B) had its target price raised by Eight Capital from C$65.00 to C$72.00 in a report released on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages have also recently commented on TECK.B. B. Riley reduced their target price on shares of Teck Resources from C$72.00 to C$59.00 and set a buy rating for the company in a report on Tuesday, January 23rd. Scotiabank increased their target price on shares of Teck Resources from C$69.00 to C$71.00 and gave the stock an outperform rating in a report on Monday, January 15th. Canaccord Genuity Group increased their target price on shares of Teck Resources from C$59.00 to C$75.00 in a report on Wednesday, April 17th. UBS Group reduced their target price on shares of Teck Resources from C$64.00 to C$63.00 in a report on Wednesday, January 17th. Finally, Jefferies Financial Group increased their target price on shares of Teck Resources from C$75.00 to C$80.00 and gave the stock a buy rating in a report on Friday, April 12th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of C$71.43.

Teck Resources Stock Down 3.1 %

Teck Resources stock opened at C$62.83 on Monday. The stock has a market capitalization of C$32.08 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of -0.38 and a beta of 1.44. Teck Resources has a twelve month low of C$47.47 and a twelve month high of C$69.41. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 39.21. The company has a 50 day moving average of C$58.61 and a 200-day moving average of C$54.50.

About Teck Resources

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.