Teck Resources (TSE:TECK.B) Reaches New 12-Month High at $70.69

Teck Resources Ltd (TSE:TECK.B) shares hit a new 52-week high on Thursday . The company traded as high as C$70.69 and last traded at C$70.39, with a volume of 826705 shares traded. The stock had previously closed at C$68.14.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Raymond James raised their target price on shares of Teck Resources from C$70.00 to C$71.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Canaccord Genuity Group increased their target price on shares of Teck Resources from C$59.00 to C$75.00 in a report on Wednesday, April 17th. Bank of America increased their price target on Teck Resources from C$67.00 to C$88.00 in a research note on Tuesday, April 9th. UBS Group decreased their price target on Teck Resources from C$64.00 to C$63.00 in a report on Wednesday, January 17th. Finally, National Bankshares increased their price target on Teck Resources from C$66.00 to C$70.00 in a report on Friday, February 23rd. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$72.00.

Teck Resources Price Performance

The stock has a market cap of C$35.89 billion, a P/E ratio of 22.94, a price-to-earnings-growth ratio of -0.38 and a beta of 1.44. The company has a quick ratio of 0.97, a current ratio of 1.49 and a debt-to-equity ratio of 37.28. The business’s 50-day simple moving average is C$62.64 and its two-hundred day simple moving average is C$55.61.

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.