Teck Resources (TSE:TECK.B) Given New C$72.00 Price Target at Eight Capital

Teck Resources (TSE:TECK.B) had its target price hoisted by Eight Capital from C$65.00 to C$72.00 in a research note issued to investors on Monday, BayStreet.CA reports. Eight Capital currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group lifted their price target on shares of Teck Resources from C$75.00 to C$80.00 and gave the stock a buy rating in a research note on Friday, April 12th. Bank of America lifted their price objective on shares of Teck Resources from C$67.00 to C$88.00 in a research report on Tuesday, April 9th. Canaccord Genuity Group increased their target price on Teck Resources from C$59.00 to C$75.00 in a report on Wednesday, April 17th. Scotiabank raised their price target on Teck Resources from C$69.00 to C$71.00 and gave the company an outperform rating in a research note on Monday, January 15th. Finally, National Bankshares upped their price objective on Teck Resources from C$66.00 to C$70.00 in a research report on Friday, February 23rd. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Teck Resources currently has an average rating of Buy and an average price target of C$71.86.

Teck Resources Price Performance

TECK.B stock opened at C$62.23 on Monday. The business’s 50-day moving average is C$59.07 and its two-hundred day moving average is C$54.60. The company has a debt-to-equity ratio of 39.21, a current ratio of 1.10 and a quick ratio of 0.97. The firm has a market capitalization of C$31.77 billion, a P/E ratio of 13.41, a P/E/G ratio of -0.38 and a beta of 1.44. Teck Resources has a 1 year low of C$47.47 and a 1 year high of C$69.41.

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.