Jefferies Financial Group Boosts Teck Resources (TSE:TECK.B) Price Target to C$80.00

Teck Resources (TSE:TECK.B) had its target price raised by equities researchers at Jefferies Financial Group from C$71.00 to C$80.00 in a report released on Monday,BayStreet.CA reports. Jefferies Financial Group’s target price indicates a potential upside of 15.71% from the company’s current price.

TECK.B has been the subject of several other reports. Stifel Nicolaus boosted their price objective on shares of Teck Resources from C$60.00 to C$65.00 in a research note on Tuesday, October 21st. National Bankshares lowered shares of Teck Resources from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$62.50 to C$65.00 in a report on Wednesday, October 8th. CIBC upped their price target on shares of Teck Resources from C$57.00 to C$61.00 and gave the stock a “buy” rating in a research report on Thursday, November 27th. Raymond James Financial lowered their price target on Teck Resources from C$64.00 to C$63.00 in a report on Friday, October 10th. Finally, TD Securities boosted their price objective on Teck Resources from C$63.00 to C$70.00 in a research note on Tuesday, October 21st. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Teck Resources presently has an average rating of “Moderate Buy” and an average target price of C$65.00.

Teck Resources Stock Down 1.4%

Shares of TSE:TECK.B opened at C$69.14 on Monday. The stock has a 50-day simple moving average of C$61.89 and a 200-day simple moving average of C$56.05. The stock has a market capitalization of C$33.76 billion, a P/E ratio of 27.77, a PEG ratio of -0.38 and a beta of 2.03. Teck Resources has a 1 year low of C$40.23 and a 1 year high of C$72.07. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48.

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. 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%.