Teck Resources (TSE:TECK.B) Sets New 52-Week High at $74.37

Teck Resources Ltd (TSE:TECK.B) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$74.37 and last traded at C$73.85, with a volume of 172470 shares changing hands. The stock had previously closed at C$73.22.

Analysts Set New Price Targets

Several analysts have issued reports on TECK.B shares. Eight Capital lifted their price target on Teck Resources from C$65.00 to C$72.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Bank of America lifted their target price on Teck Resources from C$67.00 to C$88.00 in a research report on Tuesday, April 9th. Jefferies Financial Group lifted their target price on Teck Resources from C$75.00 to C$80.00 and gave the company a “buy” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. boosted their price target on Teck Resources from C$70.00 to C$72.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, National Bankshares boosted their price target on Teck Resources from C$66.00 to C$70.00 in a research report on Friday, February 23rd. Ten 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 price target of C$72.45.

Teck Resources Trading Down 4.7 %

The company has a market cap of C$35.49 billion, a P/E ratio of 22.69, a PEG ratio of -0.38 and a beta of 1.42. The business has a fifty day moving average price of C$65.53 and a 200-day moving average price of C$57.00. The company has a quick ratio of 0.97, a current ratio of 1.49 and a debt-to-equity ratio of 37.28.

Teck Resources Company Profile

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.