Teck Resources (TSE:TECK.B) PT Raised to C$90.00 at National Bankshares

Teck Resources (TSE:TECK.B) had its target price raised by National Bankshares from C$86.00 to C$90.00 in a report published on Tuesday morning, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. Raymond James increased their price target on shares of Teck Resources from C$71.00 to C$73.00 in a report on Monday, September 30th. JPMorgan Chase & Co. lifted their target price on Teck Resources from C$74.00 to C$78.00 in a report on Tuesday. CIBC set a C$80.00 price target on Teck Resources and gave the stock an outperform rating in a research note on Friday, July 12th. BMO Capital Markets dropped their price objective on Teck Resources from C$80.00 to C$77.00 in a research report on Thursday, July 25th. Finally, Royal Bank of Canada decreased their target price on Teck Resources from C$88.00 to C$85.00 and set an outperform rating for the company in a research report on Tuesday, September 10th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of C$77.00.

Teck Resources Stock Performance

Shares of Teck Resources stock opened at C$68.04 on Tuesday. The stock has a market cap of C$34.84 billion, a price-to-earnings ratio of 24.39, a PEG ratio of -0.38 and a beta of 1.37. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. Teck Resources has a 1 year low of C$47.47 and a 1 year high of C$74.37. The firm’s 50-day moving average is C$65.51 and its 200 day moving average is C$66.37.

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.