Teck Resources (TSE:TECK.B) Price Target Raised to C$82.00

Teck Resources (TSE:TECK.B) had its price objective boosted by TD Securities from C$76.00 to C$82.00 in a research report report published on Monday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other equities analysts also recently commented on TECK.B. Desjardins upped their target price on shares of Teck Resources from C$65.00 to C$74.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Citigroup raised shares of Teck Resources from a “neutral” rating to a “buy” rating and lifted their price target for the company from C$76.00 to C$104.00 in a research note on Monday, February 2nd. Scotiabank boosted their price target on Teck Resources from C$60.00 to C$70.00 and gave the company a “sector perform” rating in a report on Thursday, January 8th. Stifel Nicolaus raised their price objective on Teck Resources from C$65.00 to C$80.00 and gave the stock a “hold” rating in a report on Wednesday, February 11th. Finally, National Bank Financial lifted their target price on Teck Resources from C$70.00 to C$80.00 in a research report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$76.33.

Teck Resources Trading Up 2.5%

TSE TECK.B opened at C$83.98 on Monday. The stock has a market cap of C$41.00 billion, a PE ratio of 33.73, a PEG ratio of -0.38 and a beta of 2.06. Teck Resources has a 12 month low of C$40.23 and a 12 month high of C$85.42. The company’s 50-day moving average price is C$72.74 and its 200-day moving average price is C$61.80. 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 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. It is building a major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, which will increase Teck’s attributable copper production by around 80%.