Eight Capital Raises Teck Resources (TSE:TECK.B) Price Target to C$72.00

Teck Resources (TSE:TECK.B) had its price objective boosted by Eight Capital from C$65.00 to C$72.00 in a research note issued to investors on Monday, BayStreet.CA reports. Eight Capital currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on the stock. National Bankshares raised their target price on shares of Teck Resources from C$66.00 to C$70.00 in a research report on Friday, February 23rd. UBS Group decreased their price objective on shares of Teck Resources from C$64.00 to C$63.00 in a research report on Wednesday, January 17th. Scotiabank lifted their price objective on shares of Teck Resources from C$69.00 to C$71.00 and gave the company an outperform rating in a research report on Monday, January 15th. Canaccord Genuity Group lifted their price objective on shares of Teck Resources from C$59.00 to C$75.00 in a research report on Wednesday, April 17th. Finally, B. Riley decreased their price objective on shares of Teck Resources from C$72.00 to C$59.00 and set a buy rating for the company in a research report on Tuesday, January 23rd. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Teck Resources presently has an average rating of Buy and a consensus target price of C$71.86.

Teck Resources Stock Up 8.7 %

Teck Resources stock opened at C$67.65 on Monday. The company has a market cap of C$34.54 billion, a P/E ratio of 14.58, a price-to-earnings-growth 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. The company has a fifty day simple moving average of C$59.39 and a 200 day simple moving average of C$54.69. The company has a current ratio of 1.10, a quick ratio of 0.97 and a debt-to-equity ratio of 39.21.

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.