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Teck Resources (TSE:TECK.B) Given a C$60.00 Price Target by Jefferies Financial Group Analysts

Financial News Live ·  Sep 28, 2022 14:22

Teck Resources (TSE:TECK.B – Get Rating) received a C$60.00 price objective from equities research analysts at Jefferies Financial Group in a research note issued on Wednesday, BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price target indicates a potential upside of 45.53% from the company's previous close.

Several other equities research analysts have also recently issued reports on TECK.B. JPMorgan Chase & Co. dropped their target price on shares of Teck Resources from C$60.00 to C$43.00 in a report on Friday, July 15th. CSFB decreased their price target on Teck Resources from C$68.00 to C$63.00 in a report on Tuesday, July 26th. TD Securities lowered their target price on shares of Teck Resources from C$57.00 to C$55.00 and set an "action list buy" rating on the stock in a report on Thursday, July 28th. Morgan Stanley restated an "overweight" rating and set a C$51.00 price target on shares of Teck Resources in a report on Friday, September 16th. Finally, National Bankshares dropped their price target on Teck Resources from C$55.00 to C$52.50 and set an "outperform" rating for the company in a research report on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Teck Resources currently has a consensus rating of "Moderate Buy" and an average target price of C$51.96.

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Teck Resources Stock Up 2.8 %

TECK.B stock traded up C$1.12 on Wednesday, reaching C$41.23. 965,834 shares of the company traded hands, compared to its average volume of 2,062,024. Teck Resources has a one year low of C$30.46 and a one year high of C$57.50. The company has a debt-to-equity ratio of 34.88, a current ratio of 1.82 and a quick ratio of 1.13. The firm has a fifty day simple moving average of C$41.47 and a 200-day simple moving average of C$45.89. The company has a market cap of C$21.83 billion and a P/E ratio of 4.03.

Teck Resources Company Profile

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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.

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