Teck Resources (TSE:TECK.B) Price Target Raised to C$80.00 at Raymond James Financial

Teck Resources (TSE:TECK.B) had its target price lifted by Raymond James Financial from C$78.00 to C$80.00 in a research report sent to investors on Friday,BayStreet.CA reports. Raymond James Financial currently has a market perform rating on the stock.

Several other analysts also recently weighed in on TECK.B. National Bank Financial lifted their price objective on shares of Teck Resources from C$90.00 to C$92.50 and gave the company a “sector perform” rating in a research report on Friday. Canadian Imperial Bank of Commerce upped their target price on shares of Teck Resources from C$79.00 to C$83.00 and gave the stock a “tender” rating in a research report on Friday. Jefferies Financial Group raised their price target on shares of Teck Resources from C$71.00 to C$80.00 in a research note on Monday, January 12th. Stifel Nicolaus boosted their price objective on Teck Resources from C$65.00 to C$80.00 and gave the stock a “hold” rating in a research report on Wednesday, February 11th. Finally, Scotiabank increased their price objective on Teck Resources from C$70.00 to C$75.00 in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$80.25.

Teck Resources Stock Performance

Shares of TECK.B opened at C$82.23 on Friday. The firm has a fifty day moving average of C$74.98 and a 200-day moving average of C$68.31. The company has a market cap of C$40.26 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of -0.38 and a beta of 1.82. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. Teck Resources has a 1 year low of C$42.95 and a 1 year high of C$86.48.

Key Headlines Impacting Teck Resources

Here are the key news stories impacting Teck Resources this week:

• Positive Sentiment: National Bank Financial raised its price target to C$92.50 and kept a “sector perform” rating, implying roughly 12.7% upside vs. the current price — a meaningful upward revision that can lend support to the share price. Article Title
• Positive Sentiment: Canaccord Genuity raised its target to C$85.50 and maintained a “hold” rating, representing ~4.1% upside — another incremental boost to analyst-driven demand. Article Title
• Neutral Sentiment: Canadian Imperial Bank of Commerce nudged its target to C$83.00 with a “tender” rating, only ~1.1% above the current price — a marginal move unlikely to drive large flows. Article Title
• Negative Sentiment: Raymond James raised its target to C$80.00 but keeps a “market perform” rating, which sits below the current price (~2.6% downside) and could weigh on sentiment among more cautious investors. Article Title Ticker Report
• Negative Sentiment: Operationally, Teck warned of cost pressure in Chile tied to a fuel squeeze — higher operating costs or production disruptions in copper/other metals regions could compress margins and cap upside. Article Title

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%.