Teck Resources (TSE:TECK.B) Price Target Raised to C$75.00 at Raymond James

Teck Resources (TSE:TECK.B) had its price objective lifted by research analysts at Raymond James from C$70.00 to C$75.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price points to a potential upside of 23.89% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Canaccord Genuity Group dropped their price objective on Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Citigroup decreased their price objective on Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating for the company in a report on Thursday. Scotiabank raised their target price on Teck Resources from C$74.00 to C$75.00 in a research note on Wednesday, November 6th. Jefferies Financial Group reduced their target price on Teck Resources from C$80.00 to C$70.00 in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$76.29.

Teck Resources Trading Up 2.0 %

TSE:TECK.B traded up C$1.21 during midday trading on Thursday, hitting C$60.54. The stock had a trading volume of 361,422 shares, compared to its average volume of 916,430. Teck Resources has a one year low of C$49.45 and a one year high of C$74.37. The company has a market capitalization of C$31.00 billion, a price-to-earnings ratio of 21.70, a PEG ratio of -0.38 and a beta of 1.37. The stock has a 50-day moving average of C$61.68 and a 200 day moving average of C$64.34. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46.

About Teck Resources

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.