Teck Resources (TSE:TECK.B) Given New C$66.00 Price Target at National Bankshares

Teck Resources (TSE:TECK.B - Free Report) had its price target hoisted by National Bankshares from C$65.00 to C$66.00 in a research note published on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on TECK.B. UBS Group lowered their price target on Teck Resources from C$67.00 to C$55.00 in a report on Wednesday, April 23rd. Citigroup lowered their price objective on Teck Resources from C$68.00 to C$55.00 and set a "neutral" rating for the company in a research note on Monday, June 9th. TD Securities lowered 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 objective on Teck Resources from C$72.00 to C$58.00 in a research note on Thursday, April 10th. Finally, Desjardins lowered their price objective on Teck Resources from C$74.00 to C$72.00 and set a "buy" rating for the company in a research note on Friday, April 25th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$69.80.

Teck Resources Stock Down 1.7%

TECK.B stock traded down C$0.92 during midday trading on Wednesday, hitting C$52.61. 1,504,641 shares of the company's stock were exchanged, compared to its average volume of 1,369,640. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. Teck Resources has a 12-month low of C$40.23 and a 12-month high of C$72.92. The firm has a 50 day moving average price of C$51.96 and a 200-day moving average price of C$54.84. The stock has a market capitalization of C$26.94 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37.

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.