Jefferies Financial Group Raises Teck Resources (TSE:TECK.B) Price Target to C$85.00

Teck Resources (TSE:TECK.BFree Report) had its price target boosted by Jefferies Financial Group from C$80.00 to C$85.00 in a research note issued to investors on Monday, BayStreet.CA reports.

A number of other analysts have also weighed in on the stock. Bank of America cut their price objective on shares of Teck Resources from C$88.00 to C$87.00 in a research note on Friday, July 5th. JPMorgan Chase & Co. increased their price objective on shares of Teck Resources from C$70.00 to C$72.00 and gave the stock an overweight rating in a research note on Friday, April 26th. Scotiabank increased their price objective on shares of Teck Resources from C$75.00 to C$83.00 and gave the stock an outperform rating in a research note on Thursday, May 30th. Canaccord Genuity Group increased their price objective on shares of Teck Resources from C$75.00 to C$80.00 in a research note on Monday, May 13th. Finally, Raymond James raised their price target on shares of Teck Resources from C$70.00 to C$71.00 and gave the company an outperform rating in a research report on Monday, April 29th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teck Resources currently has an average rating of Buy and an average price target of C$75.00.

View Our Latest Research Report on Teck Resources

Teck Resources Trading Up 2.7 %

Shares of Teck Resources stock opened at C$67.64 on Monday. The company has a current ratio of 1.49, a quick ratio of 0.97 and a debt-to-equity ratio of 37.28. Teck Resources has a 12-month low of C$47.47 and a 12-month high of C$74.37. The firm has a market capitalization of C$34.58 billion, a price-to-earnings ratio of 22.10, a PEG ratio of -0.38 and a beta of 1.42. The firm’s 50 day simple moving average is C$68.22 and its two-hundred day simple moving average is C$60.97.

Teck Resources Company Profile

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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.

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