Teck Resources (TSE:TECK.B) Price Target Raised to C$74.00 at Raymond James

Teck Resources (TSE:TECK.B) had its target price raised by equities researchers at Raymond James from C$73.00 to C$74.00 in a report released on Friday, BayStreet.CA reports. Raymond James’ price target indicates a potential upside of 12.46% from the company’s current price.

Several other equities analysts have also recently commented on TECK.B. National Bankshares boosted their target price on shares of Teck Resources from C$86.00 to C$90.00 in a research report on Tuesday, October 15th. Scotiabank reduced their price objective on Teck Resources from C$79.00 to C$74.00 in a research report on Friday. Eight Capital boosted their price objective on shares of Teck Resources from C$72.00 to C$75.00 in a research note on Thursday, July 11th. TD Securities increased their target price on shares of Teck Resources from C$78.00 to C$80.00 in a research report on Tuesday, July 16th. Finally, Canaccord Genuity Group dropped their price objective on Teck Resources from C$80.00 to C$76.00 in a research note on Monday, July 22nd. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$76.63.

Teck Resources Stock Up 1.5 %

Shares of TECK.B opened at C$65.80 on Friday. Teck Resources has a 52 week low of C$47.47 and a 52 week high of C$74.37. The firm’s 50-day simple moving average is C$66.37 and its 200 day simple moving average is C$66.62. 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 firm has a market cap of C$33.69 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37.

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.