Teck Resources (TSE:TECK.B) Trading Down 0.6% - Should You Sell?

Key Points

• Teck Resources Ltd's stock price fell 0.6% to C$61.05, trading down from a previous close of C$61.41, with a total of approximately 1,460,211 shares exchanged on Tuesday.
• Recent analyst reports show mixed reviews, with Raymond James raising their price target to C$64.00 while Royal Bank of Canada and Desjardins decreased theirs to C$67.00 and C$58.00, respectively.
• Teck Resources is a leading diversified miner, primarily benefiting from metallurgical coal and copper, ranking as the world's second-largest exporter of seaborne metallurgical coal.

Teck Resources Ltd (TSE:TECK.B - Get Free Report)'s share price was down 0.6% on Tuesday . The stock traded as low as C$60.31 and last traded at C$61.05. Approximately 1,460,211 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 1,498,024 shares. The stock had previously closed at C$61.41.

Analyst Upgrades and Downgrades

TECK.B has been the topic of a number of research reports. Raymond James Financial upped their price objective on Teck Resources from C$63.00 to C$64.00 in a report on Thursday, August 21st. Royal Bank Of Canada decreased their price target on shares of Teck Resources from C$82.00 to C$67.00 in a research note on Friday, July 25th. Desjardins lowered shares of Teck Resources from a "buy" rating to a "hold" rating and lowered their price target for the stock from C$72.00 to C$58.00 in a research report on Friday, July 18th. Scotiabank cut their price objective on shares of Teck Resources from C$57.00 to C$55.00 and set an "outperform" rating for the company in a report on Monday, September 8th. Finally, Citigroup lowered their target price on shares of Teck Resources from C$68.00 to C$55.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Teck Resources has a consensus rating of "Moderate Buy" and a consensus target price of C$64.35.

Teck Resources Stock Down 0.6%

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 company has a market capitalization of C$29.79 billion, a price-to-earnings ratio of 105.26, a P/E/G ratio of -0.38 and a beta of 1.60. The firm's fifty day moving average price is C$49.04 and its 200-day moving average price is C$50.61.

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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