Teck Resources (TSE:TECK.B) Price Target Raised to C$79.00 at Scotiabank

Teck Resources (TSE:TECK.B) had its target price hoisted by Scotiabank from C$78.00 to C$79.00 in a report issued on Tuesday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Other equities analysts also recently issued reports about the stock. BMO Capital Markets cut their price objective on shares of Teck Resources from C$80.00 to C$77.00 in a report on Thursday, July 25th. Citigroup upped their price target on Teck Resources from C$64.00 to C$74.00 and gave the company a neutral rating in a research report on Wednesday, October 2nd. Raymond James upped their price target on Teck Resources from C$71.00 to C$73.00 in a research report on Monday, September 30th. Royal Bank of Canada cut their price objective on Teck Resources from C$88.00 to C$85.00 and set an outperform rating for the company in a report on Tuesday, September 10th. Finally, Eight Capital boosted their price objective on Teck Resources from C$72.00 to C$75.00 in a report on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of C$76.50.

Teck Resources Stock Up 1.7 %

Teck Resources stock opened at C$70.45 on Tuesday. The firm has a 50 day moving average price of C$65.14 and a two-hundred day moving average price of C$66.11. Teck Resources has a 52-week low of C$47.47 and a 52-week high of C$74.37. 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$36.07 billion, a price-to-earnings ratio of 25.25, a PEG ratio of -0.38 and a beta of 1.37.

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.