Teck Resources (TSE:TECK.B) Stock Price Down 1.5% - Should You Sell?

Teck Resources Ltd (TSE:TECK.B - Get Free Report)'s share price fell 1.5% during mid-day trading on Wednesday . The stock traded as low as C$49.95 and last traded at C$50.74. 1,602,983 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 1,381,264 shares. The stock had previously closed at C$51.50.

Wall Street Analysts Forecast Growth

TECK.B has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on Teck Resources from C$72.00 to C$58.00 in a research note on Thursday, April 10th. Royal Bank Of Canada cut their target price on Teck Resources from C$84.00 to C$82.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. UBS Group cut their target price on Teck Resources from C$67.00 to C$55.00 in a research note on Wednesday, April 23rd. Citigroup dropped their price target on Teck Resources from C$68.00 to C$55.00 and set a "neutral" rating on the stock in a research report on Monday, June 9th. Finally, TD Securities dropped their price target on Teck Resources from C$73.00 to C$62.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$69.43.

Teck Resources Price Performance

The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The company has a 50 day moving average price of C$52.37 and a 200 day moving average price of C$54.59. The company has a market capitalization of C$25.98 billion, a P/E ratio of 18.19, a P/E/G 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.

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