Teck Resources (TSE:TECK.B) Price Target Cut to C$75.00 by Analysts at National Bankshares

Teck Resources (TSE:TECK.B) had its target price reduced by National Bankshares from C$77.50 to C$75.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other research analysts have also issued research reports about the stock. Scotiabank cut their price target on shares of Teck Resources from C$75.00 to C$73.00 and set an “outperform” rating on the stock in a research note on Thursday. Jefferies Financial Group dropped their price target on Teck Resources from C$80.00 to C$70.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. reduced their price objective on Teck Resources from C$78.00 to C$76.00 in a research report on Friday, October 25th. Canaccord Genuity Group cut their target price on Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Finally, Citigroup decreased their price target on shares of Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$76.29.

Teck Resources Trading Up 1.8 %

TSE TECK.B opened at C$60.39 on Thursday. Teck Resources has a one year low of C$49.45 and a one year high of C$74.37. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The firm has a market cap of C$30.92 billion, a P/E ratio of 21.65, a P/E/G ratio of -0.38 and a beta of 1.37. The stock’s 50-day moving average is C$61.68 and its 200-day moving average is C$64.34.

Teck Resources Company Profile

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck’s primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world’s second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner.