Teck Resources (TSE:TECK.B) Stock Price Expected to Rise, National Bank Financial Analyst Says

Teck Resources (TSE:TECK.B) had its price target upped by investment analysts at National Bank Financial from C$85.00 to C$90.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 12.78% from the company’s previous close.

TECK.B has been the topic of a number of other research reports. TD Securities upped their target price on shares of Teck Resources from C$76.00 to C$82.00 and gave the stock a “hold” rating in a report on Monday, February 23rd. Stifel Nicolaus increased their price target on Teck Resources from C$65.00 to C$80.00 and gave the company a “hold” rating in a research report on Wednesday, February 11th. Desjardins increased their price target on Teck Resources from C$65.00 to C$74.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Citigroup raised Teck Resources from a “neutral” rating to a “buy” rating and increased their price target for the company from C$76.00 to C$104.00 in a research report on Monday, February 2nd. Finally, Jefferies Financial Group increased their price objective on shares of Teck Resources from C$71.00 to C$80.00 in a research note on Monday, January 12th. Four equities research 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, Teck Resources presently has a consensus rating of “Hold” and a consensus target price of C$76.75.

Teck Resources Stock Down 1.5%

Shares of TECK.B traded down C$1.20 on Wednesday, reaching C$79.80. The company’s stock had a trading volume of 297,589 shares, compared to its average volume of 1,205,487. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. Teck Resources has a twelve month low of C$42.95 and a twelve month high of C$85.42. The stock has a market capitalization of C$39.07 billion, a PE ratio of 28.20, a PEG ratio of -0.38 and a beta of 1.82. The firm has a fifty day moving average of C$74.56 and a 200-day moving average of C$67.30.

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. 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%.