Teck Resources (TSE:TECK.B - Get Free Report) had its target price raised by stock analysts at National Bankshares from C$65.00 to C$66.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' price objective would suggest a potential upside of 24.65% from the company's previous close.
TECK.B has been the subject of a number of other reports. TD Securities dropped their price objective on Teck Resources from C$73.00 to C$62.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on Teck Resources from C$72.00 to C$58.00 in a report on Thursday, April 10th. Desjardins cut their price target on Teck Resources from C$74.00 to C$72.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group decreased their price objective on shares of Teck Resources from C$67.00 to C$55.00 in a research report on Wednesday, April 23rd. Finally, Citigroup dropped their price objective on shares of Teck Resources from C$68.00 to C$55.00 and set a "neutral" rating on the stock in a research note on Monday, June 9th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$69.80.
Read Our Latest Stock Report on Teck Resources
Teck Resources Trading Down 1.1%
Shares of Teck Resources stock traded down C$0.58 during trading on Wednesday, reaching C$52.95. 861,186 shares of the stock were exchanged, compared to its average volume of 1,364,592. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The stock's fifty day moving average is C$51.85 and its 200 day moving average is C$54.85. The firm has a market cap of C$27.11 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. Teck Resources has a 1 year low of C$40.23 and a 1 year high of C$72.92.
About Teck Resources
(
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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.
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