Teck Resources (TSE:TECK.B) Stock Price Expected to Rise, National Bankshares Analyst Says

Teck Resources (TSE:TECK.B) had its target price raised by equities research analysts at National Bankshares from C$70.00 to C$80.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. National Bankshares’ target price would indicate a potential upside of 9.47% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group upped their price objective on Teck Resources from C$71.00 to C$80.00 in a report on Monday, January 12th. Stifel Nicolaus increased their price target on shares of Teck Resources from C$60.00 to C$65.00 in a research report on Tuesday, October 21st. CIBC increased their price objective on Teck Resources from C$57.00 to C$61.00 and gave the stock a “buy” rating in a report on Thursday, November 27th. Desjardins raised their target price on shares of Teck Resources from C$65.00 to C$74.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Finally, TD Securities lowered Teck Resources from a “buy” rating to a “hold” rating and increased their target price for the stock from C$70.00 to C$76.00 in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Teck Resources currently has an average rating of “Hold” and a consensus target price of C$67.58.

Teck Resources Price Performance

Shares of TSE:TECK.B opened at C$73.08 on Thursday. The company’s fifty day moving average price is C$65.94 and its 200-day moving average price is C$57.73. The firm has a market capitalization of C$35.68 billion, a price-to-earnings ratio of 29.35, a PEG ratio of -0.38 and a beta of 2.03. Teck Resources has a one year low of C$40.23 and a one year high of C$82.00. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97.

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%.