Shares of Teck Resources Ltd (TSE:TECK.B - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$66.40 and last traded at C$65.83, with a volume of 497256 shares changing hands. The stock had previously closed at C$63.77.
Wall Street Analysts Forecast Growth
TECK.B has been the topic of a number of research reports. Raymond James dropped their target price on Teck Resources from C$65.00 to C$64.00 in a report on Friday, March 1st. Canaccord Genuity Group dropped their price objective on Teck Resources from C$62.00 to C$56.00 and set a "buy" rating on the stock in a report on Thursday, January 18th. UBS Group dropped their price objective on Teck Resources from C$64.00 to C$63.00 in a report on Wednesday, January 17th. Bank of America increased their price objective on Teck Resources from C$67.00 to C$88.00 in a report on Tuesday. Finally, B. Riley dropped their price objective on Teck Resources from C$72.00 to C$59.00 and set a "buy" rating on the stock in a report on Tuesday, January 23rd. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$67.60.
Get Our Latest Research Report on TECK.B
Teck Resources Stock Performance
The company has a market capitalization of C$34.05 billion, a P/E ratio of 14.38, a PEG ratio of -0.38 and a beta of 1.44. The stock has a fifty day simple moving average of C$56.20 and a 200-day simple moving average of C$53.88. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 39.21.
About Teck Resources
(
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Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.
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