TD Securities Boosts Teck Resources (TSE:TECK.B) Price Target to C$80.00

Teck Resources (TSE:TECK.B) had its price objective hoisted by TD Securities from C$78.00 to C$80.00 in a report released on Tuesday morning, BayStreet.CA reports.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group increased their price target on Teck Resources from C$80.00 to C$85.00 in a report on Monday, July 8th. Bank of America decreased their price target on Teck Resources from C$88.00 to C$87.00 in a report on Friday, July 5th. Raymond James increased their price target on Teck Resources from C$70.00 to C$71.00 and gave the stock an outperform rating in a report on Monday, April 29th. Canaccord Genuity Group increased their price objective on Teck Resources from C$75.00 to C$80.00 in a research report on Monday, May 13th. Finally, National Bankshares increased their price objective on Teck Resources from C$82.50 to C$86.00 and gave the stock an outperform rating in a research report on Monday. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat, Teck Resources currently has an average rating of Buy and a consensus target price of C$76.77.

Teck Resources Price Performance

TECK.B stock opened at C$63.05 on Tuesday. The company has a market capitalization of C$32.24 billion, a P/E ratio of 20.60, a PEG ratio of -0.38 and a beta of 1.42. Teck Resources has a twelve month low of C$47.47 and a twelve month high of C$74.37. The business has a 50 day simple moving average of C$68.09 and a 200-day simple moving average of C$61.39. The company has a current ratio of 1.49, a quick ratio of 0.97 and a debt-to-equity ratio of 37.28.

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.