Teck Resources (TSE:TECK.B) PT Lowered to C$78.00

Teck Resources (TSE:TECK.B) had its price objective lowered by Canaccord Genuity Group from C$80.00 to C$78.00 in a research report sent to investors on Friday, BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on TECK.B. Jefferies Financial Group increased their target price on shares of Teck Resources from C$80.00 to C$85.00 in a research note on Monday, July 8th. BMO Capital Markets cut their price target on shares of Teck Resources from C$80.00 to C$77.00 in a research note on Thursday, July 25th. Eight Capital raised their price target on shares of Teck Resources from C$72.00 to C$75.00 in a research note on Thursday, July 11th. CIBC cut their price target on shares of Teck Resources from C$80.00 to C$78.00 in a research note on Friday. Finally, JPMorgan Chase & Co. cut their price target on shares of Teck Resources from C$78.00 to C$76.00 in a research note on Friday. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$76.63.

Teck Resources Stock Up 1.5 %

TSE TECK.B opened at C$65.80 on Friday. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The firm has a 50-day simple moving average of C$66.34 and a 200 day simple moving average of C$66.62. Teck Resources has a twelve month low of C$47.47 and a twelve month high of C$74.37. The stock has a market cap of C$33.69 billion, a PE ratio of 23.58, a PEG ratio of -0.38 and a beta of 1.37.

Teck Resources Company Profile

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.