Teck Resources (TSE:TECK.B) PT Raised to C$76.00

Teck Resources (TSE:TECK.B) had its target price hoisted by JPMorgan Chase & Co. from C$72.00 to C$76.00 in a report released on Thursday, BayStreet.CA reports. JPMorgan Chase & Co.‘s target price indicates a potential upside of 20.03% from the company’s previous close.

TECK.B has been the subject of several other research reports. Eight Capital upped their price target on shares of Teck Resources from C$72.00 to C$75.00 in a research report on Thursday, July 11th. Bank of America cut their price target on shares of Teck Resources from C$88.00 to C$87.00 in a report on Friday, July 5th. CIBC set a C$80.00 price target on shares of Teck Resources and gave the company an “outperform” rating in a report on Friday, July 12th. Jefferies Financial Group increased their price target on shares of Teck Resources from C$80.00 to C$85.00 in a report on Monday, July 8th. Finally, TD Securities increased their price target on shares of Teck Resources from C$78.00 to C$80.00 in a report on Tuesday. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$76.77.

Teck Resources Stock Down 4.5 %

Shares of TECK.B stock traded down C$2.95 during trading on Thursday, reaching C$63.32. The company’s stock had a trading volume of 856,774 shares, compared to its average volume of 1,082,447. Teck Resources has a 1-year low of C$47.47 and a 1-year high of C$74.37. The stock’s 50-day moving average price is C$68.23 and its 200 day moving average price is C$61.38. The company has a debt-to-equity ratio of 37.28, a current ratio of 1.49 and a quick ratio of 0.97. The company has a market capitalization of C$32.38 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of -0.38 and a beta of 1.42.

About Teck Resources

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.