Shares of Teck Resources Ltd (TSE:TECK.B - Get Free Report) rose 0.2% during mid-day trading on Tuesday . The company traded as high as C$52.90 and last traded at C$52.34. Approximately 1,900,915 shares traded hands during mid-day trading, an increase of 49% from the average daily volume of 1,273,201 shares. The stock had previously closed at C$52.26.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on TECK.B shares. Citigroup decreased their price objective on Teck Resources from C$74.00 to C$68.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Desjardins decreased their price target 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. National Bankshares upgraded shares of Teck Resources from a "sector perform" rating to an "outperform" rating and set a C$70.00 price objective on the stock in a research note on Friday, April 25th. Royal Bank of Canada decreased their target price on shares of Teck Resources from C$84.00 to C$82.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Teck Resources from C$72.00 to C$58.00 in a research note on Thursday, April 10th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Teck Resources currently has an average rating of "Moderate Buy" and an average target price of C$71.94.
Get Our Latest Analysis on Teck Resources
Teck Resources Stock Down 2.6%
The firm has a 50-day moving average of C$49.18 and a two-hundred day moving average of C$56.87. The stock has a market capitalization of C$25.95 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46.
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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