Teck Resources (TSE:TECK.B) Given New C$75.00 Price Target at Canaccord Genuity Group

Teck Resources (TSE:TECK.B) had its price objective increased by Canaccord Genuity Group from C$59.00 to C$75.00 in a research note published on Wednesday morning, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. UBS Group decreased their target price on Teck Resources from C$64.00 to C$63.00 in a research note on Wednesday, January 17th. Bank of America boosted their target price on Teck Resources from C$67.00 to C$88.00 in a research note on Tuesday, April 9th. Raymond James decreased their target price on Teck Resources from C$65.00 to C$64.00 in a research note on Friday, March 1st. B. Riley decreased their target price on Teck Resources from C$72.00 to C$59.00 and set a buy rating for the company in a research note on Tuesday, January 23rd. Finally, National Bankshares boosted their target price on Teck Resources from C$66.00 to C$70.00 in a research note on Friday, February 23rd. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Teck Resources presently has an average rating of Buy and a consensus target price of C$71.29.

Teck Resources Stock Performance

Shares of TECK.B opened at C$65.01 on Wednesday. The stock has a 50-day simple moving average of C$57.77 and a 200-day simple moving average of C$54.31. The company has a debt-to-equity ratio of 39.21, a quick ratio of 0.97 and a current ratio of 1.10. The stock has a market capitalization of C$33.19 billion, a PE ratio of 14.01, a PEG ratio of -0.38 and a beta of 1.44. Teck Resources has a 1 year low of C$47.47 and a 1 year high of C$69.41.

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.