Teck Resources (TSE:TECK.B) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Teck Resources (TSE:TECK.B) had its target price raised by analysts at Stifel Nicolaus from C$60.00 to C$65.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 10.23% from the stock’s previous close.

Several other research firms have also weighed in on TECK.B. National Bankshares lowered Teck Resources from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$62.50 to C$65.00 in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on Teck Resources from C$56.00 to C$60.00 in a research report on Thursday, October 9th. TD Securities lifted their price target on shares of Teck Resources from C$63.00 to C$70.00 in a research report on Tuesday. Royal Bank Of Canada cut their target price on Teck Resources from C$82.00 to C$67.00 in a research note on Friday, July 25th. Finally, Jefferies Financial Group boosted their price target on shares of Teck Resources from C$60.00 to C$74.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Teck Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of C$67.00.

Teck Resources Price Performance

Shares of TSE:TECK.B opened at C$58.97 on Tuesday. The firm has a market capitalization of C$28.77 billion, a PE ratio of 101.67, a PEG ratio of -0.38 and a beta of 1.83. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. Teck Resources has a 1-year low of C$40.23 and a 1-year high of C$71.11. The business’s 50 day moving average is C$53.79 and its 200-day moving average is C$51.13.

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.