Teck Resources (TSE:TECK.B) PT Lowered to C$54.00 at Bank of America

Teck Resources (TSE:TECK.BGet Rating) had its price objective decreased by Bank of America from C$56.00 to C$54.00 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports.

Several other research firms have also issued reports on TECK.B. National Bankshares reduced their price target on Teck Resources from C$60.00 to C$56.00 in a research report on Friday, October 28th. B. Riley lowered their price objective on Teck Resources to C$48.00 and set a buy rating on the stock in a research report on Monday, October 31st. Jefferies Financial Group set a C$60.00 target price on shares of Teck Resources and gave the stock a buy rating in a report on Wednesday, September 28th. CSFB cut their target price on shares of Teck Resources from C$68.00 to C$63.00 in a research note on Tuesday, July 26th. Finally, CIBC reduced their price target on shares of Teck Resources from C$58.00 to C$56.50 and set an outperform rating on the stock in a report on Thursday, September 22nd. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of C$53.36.

Teck Resources Stock Down 0.5 %

Shares of TECK.B stock opened at C$45.62 on Tuesday. Teck Resources has a 12 month low of C$32.05 and a 12 month high of C$57.50. The company has a 50 day simple moving average of C$44.05 and a two-hundred day simple moving average of C$44.16. The company has a current ratio of 1.65, a quick ratio of 0.97 and a debt-to-equity ratio of 38.02. The stock has a market cap of C$23.37 billion and a P/E ratio of 5.44.

Teck Resources Company Profile

(Get Rating)

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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