Canaccord Genuity Group Increases Teck Resources (TSE:TECK.B) Price Target to C$75.00

Teck Resources (TSE:TECK.B) had its price target increased by Canaccord Genuity Group from C$59.00 to C$75.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 15.37% from the company’s current price.

TECK.B has been the topic of several other research reports. Bank of America raised their target price on shares of Teck Resources from C$67.00 to C$88.00 in a report on Tuesday, April 9th. Jefferies Financial Group raised their target price on shares of Teck Resources from C$75.00 to C$80.00 and gave the stock a “buy” rating in a report on Friday, April 12th. B. Riley dropped their price target on Teck Resources from C$72.00 to C$59.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Raymond James dropped their price target on Teck Resources from C$65.00 to C$64.00 in a research note on Friday, March 1st. Finally, National Bankshares raised their price target on Teck Resources from C$66.00 to C$70.00 in a research note on Friday, February 23rd. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$69.87.

Teck Resources Price Performance

Shares of TECK.B stock traded down C$0.10 during trading on Wednesday, hitting C$65.01. The company had a trading volume of 1,245,306 shares, compared to its average volume of 1,061,034. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 39.21. The stock’s 50-day moving average is C$57.51 and its two-hundred day moving average is C$54.24. The stock has a market capitalization of C$33.19 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of -0.38 and a beta of 1.44. Teck Resources has a 52 week low of C$47.47 and a 52 week high of C$69.41.

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.