Teck Resources (TSE:TECK.B) Receives “Outperform” Rating from Raymond James

Teck Resources (TSE:TECK.B)‘s stock had its “outperform” rating reiterated by equities researchers at Raymond James in a research report issued to clients and investors on Monday, February 4th. They presently have a C$46.00 price objective on the stock. Raymond James’ price objective would indicate a potential upside of 57.53% from the company’s current price.

A number of other equities analysts have also recently commented on TECK.B. Barclays reissued an “overweight” rating on shares of Teck Resources in a research note on Wednesday, October 10th. TD Securities lowered their target price on shares of Teck Resources from C$46.00 to C$43.00 and set a “buy” rating for the company in a report on Friday, October 26th. JPMorgan Chase & Co. lowered their target price on shares of Teck Resources from C$53.00 to C$49.50 in a report on Friday, October 26th. CIBC lowered their target price on shares of Teck Resources from C$44.00 to C$43.00 in a report on Tuesday, October 30th. Finally, National Bank Financial raised their target price on shares of Teck Resources from C$38.00 to C$40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 5th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Teck Resources currently has a consensus rating of “Buy” and an average price target of C$41.73.

TECK.B traded down C$0.29 during trading on Monday, hitting C$29.20. 1,660,500 shares of the company traded hands, compared to its average volume of 1,990,000. The stock has a market capitalization of $16.56 billion and a price-to-earnings ratio of 4.92. Teck Resources has a 1 year low of C$19.27 and a 1 year high of C$38.66. The company has a debt-to-equity ratio of 23.30, a quick ratio of 1.28 and a current ratio of 2.30.

Teck Resources Company Profile

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. It operates through five segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate. The company's principal products comprise steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.

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

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