Teck Resources (TSE:TECK.B) Given New C$75.00 Price Target at Raymond James

Teck Resources (TSE:TECK.B) had its price target raised by Raymond James from C$70.00 to C$75.00 in a research note published on Thursday,BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

A number of other analysts also recently commented on the stock. Citigroup cut their price objective on shares of Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating for the company in a report on Thursday. Canaccord Genuity Group cut their price target on Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. National Bankshares downgraded Teck Resources from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$85.00 to C$77.50 in a research note on Tuesday, December 10th. Finally, CIBC lowered their price target on shares of Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$76.29.

Teck Resources Price Performance

Shares of TSE TECK.B opened at C$60.39 on Thursday. The firm has a 50-day simple moving average of C$61.68 and a 200-day simple moving average of C$64.34. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The stock has a market capitalization of C$30.92 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. Teck Resources has a 52 week low of C$49.45 and a 52 week high of C$74.37.

About Teck Resources

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.