Teck Resources (TSE:TECK.B) Price Target Lowered to C$75.00 at National Bankshares

Teck Resources (TSE:TECK.B) had its price target cut by National Bankshares from C$77.50 to C$75.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other analysts have also recently issued reports about the company. Raymond James boosted their price objective on Teck Resources from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their price objective on shares of Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. Scotiabank lowered their target price on shares of Teck Resources from C$75.00 to C$73.00 and set an “outperform” rating on the stock in a research note on Thursday. Jefferies Financial Group dropped their price target on shares of Teck Resources from C$80.00 to C$70.00 in a research report on Monday, January 6th. Finally, CIBC decreased their price objective on Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$76.29.

Teck Resources Stock Up 1.8 %

TECK.B stock opened at C$60.39 on Thursday. Teck Resources has a twelve month low of C$49.45 and a twelve month high of C$74.37. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The company has a market cap of C$30.92 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The business’s 50-day simple moving average is C$61.68 and its 200 day simple moving average is C$64.34.

About Teck Resources

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.