Teck Resources (TSE:TECK.B) Reaches New 1-Year Low – Time to Sell?

Shares of Teck Resources Ltd (TSE:TECK.B) hit a new 52-week low on Monday . The stock traded as low as C$50.55 and last traded at C$51.19, with a volume of 179475 shares trading hands. The stock had previously closed at C$53.61.

Wall Street Analyst Weigh In

Several research analysts recently commented on TECK.B shares. Jefferies Financial Group decreased their target price on shares of Teck Resources from C$80.00 to C$70.00 in a research note on Monday, January 6th. Citigroup reduced their target price on Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. National Bankshares decreased their price target on shares of Teck Resources from C$77.50 to C$75.00 and set a “sector perform” rating for the company in a research note on Thursday, January 30th. Raymond James lifted their price target on Teck Resources from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Scotiabank reduced their price objective on Teck Resources from C$75.00 to C$73.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$76.29.

Teck Resources Stock Down 2.9 %

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$26.64 billion, a PE ratio of 18.65, a PEG ratio of -0.38 and a beta of 1.37. The company’s fifty day moving average is C$59.61 and its 200-day moving average is C$62.81.

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.