Teck Resources (TSE:TECK.B) Price Target Raised to C$92.50

Teck Resources (TSE:TECK.B) had its target price upped by National Bank Financial from C$90.00 to C$92.50 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 12.07% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Desjardins boosted their price objective on shares of 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. TD Securities boosted their price objective on shares of Teck Resources from C$76.00 to C$82.00 and gave the company a “hold” rating in a research report on Monday, February 23rd. Raymond James Financial boosted their price objective on shares of Teck Resources from C$70.00 to C$77.00 in a research report on Monday, February 9th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Teck Resources from C$61.00 to C$77.00 in a research report on Wednesday, February 4th. Finally, Citigroup upgraded shares of Teck Resources from a “neutral” rating to a “buy” rating and boosted their target price for the company from C$76.00 to C$104.00 in a report on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$80.25.

Teck Resources Trading Down 0.9%

Shares of TSE:TECK.B traded down C$0.77 during trading on Friday, reaching C$82.54. The stock had a trading volume of 410,928 shares, compared to its average volume of 1,185,303. The business has a fifty day moving average price of C$74.94 and a 200-day moving average price of C$68.16. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The stock has a market cap of C$40.41 billion, a P/E ratio of 29.17, a PEG ratio of -0.38 and a beta of 1.82. Teck Resources has a fifty-two week low of C$42.95 and a fifty-two week high of C$86.48.

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%.