National Bank Financial Increases Teck Resources (TSE:TECK.B) Price Target to C$100.00

Teck Resources (TSE:TECK.B – Get Free Report) had its price objective increased by National Bank Financial from C$92.50 to C$100.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 18.29% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. Canaccord Genuity Group boosted their price target on Teck Resources from C$78.00 to C$85.50 and gave the stock a “hold” rating in a research note on Friday, April 24th. Scotiabank lifted their target price on shares of Teck Resources from C$80.00 to C$85.00 and gave the stock a “sector perform” rating in a research note on Monday, June 15th. Raymond James Financial boosted their target price on shares of Teck Resources from C$78.00 to C$80.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Teck Resources from C$79.00 to C$83.00 and gave the company a “tender” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$81.71.

Get Teck Resources alerts:

Read Our Latest Stock Report on Teck Resources

Teck Resources Stock Up 2.1%

TECK.B traded up C$1.77 on Tuesday, hitting C$84.54. The company had a trading volume of 649,660 shares, compared to its average volume of 1,139,759. The stock has a market capitalization of C$41.39 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of -0.38 and a beta of 1.81. 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 stock has a fifty day moving average price of C$87.29 and a 200-day moving average price of C$78.65. Teck Resources has a 12-month low of C$42.95 and a 12-month high of C$98.58.

Teck Resources Company Profile

(Get Free Report)

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%.

Recommended Stories

• Five stocks we like better than Teck Resources
• Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
• 3 Overlooked Energy ETFs Delivering Strong Returns and Income
• 3 Space Stocks That Could Outshine SpaceX After Its IPO
• JPMorgan’s Q2 Strength Gives the Stock Rally New Support

Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.