Teck Resources (TSE:TECK.B) PT Raised to C$40.00

Teck Resources (TSE:TECK.B) had its price objective lifted by TD Securities from C$37.00 to C$40.00 in a report released on Wednesday morning, Analyst Ratings Network reports. They currently have an action list buy rating on the stock.

A number of other brokerages also recently commented on TECK.B. National Bank Financial lifted their price objective on Teck Resources to C$43.00 and gave the company an outperform rating in a research report on Friday, September 10th. National Bankshares boosted their price target on Teck Resources from C$37.50 to C$43.00 and gave the company an outperform rating in a research report on Friday, September 10th. CIBC boosted their price target on Teck Resources to C$35.00 and gave the company a neutral rating in a research report on Wednesday. Bank of America reissued a buy rating on shares of Teck Resources in a research report on Thursday, July 8th. Finally, BMO Capital Markets raised Teck Resources from a market perform rating to an outperform rating and boosted their price target for the company from C$40.00 to C$44.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Teck Resources currently has a consensus rating of Buy and a consensus target price of C$37.06.

Shares of TSE:TECK.B opened at C$31.34 on Wednesday. The company has a market cap of C$16.69 billion and a P/E ratio of 103.09. The company has a quick ratio of 0.48, a current ratio of 1.26 and a debt-to-equity ratio of 42.01. Teck Resources has a 52 week low of C$15.81 and a 52 week high of C$34.25. The business has a fifty day simple moving average of C$28.80 and a 200-day simple moving average of C$27.97.

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.

Featured Article: What is a capital gain?

Analyst Recommendations for Teck Resources (TSE:TECK.B)

Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.