Teck Resources (TSE:TECK.B) PT Raised to C$74.00

Teck Resources (TSE:TECK.B) had its price target lifted by stock analysts at Citigroup from C$64.00 to C$74.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective points to a potential upside of 6.29% from the stock’s current price.

A number of other analysts have also commented on the company. Jefferies Financial Group lifted their target price on Teck Resources from C$80.00 to C$85.00 in a report on Monday, July 8th. Royal Bank of Canada decreased their target price on Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. TD Securities upped their target price on shares of Teck Resources from C$78.00 to C$80.00 in a research note on Tuesday, July 16th. CIBC set a C$80.00 price target on shares of Teck Resources and gave the company an “outperform” rating in a report on Friday, July 12th. Finally, BMO Capital Markets decreased their price objective on shares of Teck Resources from C$80.00 to C$77.00 in a report on Thursday, July 25th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$76.44.

Teck Resources Stock Down 1.6 %

TSE:TECK.B opened at C$69.62 on Wednesday. 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$35.65 billion, a P/E ratio of 24.95, a P/E/G ratio of -0.38 and a beta of 1.37. Teck Resources has a fifty-two week low of C$47.47 and a fifty-two week high of C$74.37. The firm has a 50-day simple moving average of C$64.83 and a two-hundred day simple moving average of C$65.81.

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.