Teck Resources (TSE:TECK.B) PT Lowered to C$57.00

Teck Resources (TSE:TECK.B – Get Rating) had its price target dropped by equities researchers at BMO Capital Markets from C$61.00 to C$57.00 in a report released on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 4.88% from the company’s current price.

A number of other equities analysts have also weighed in on TECK.B. The Goldman Sachs Group upgraded shares of Teck Resources to a “buy” rating and set a C$66.00 price target for the company in a research report on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a C$35.00 target price (down previously from C$40.00) on shares of Teck Resources in a research report on Monday, January 31st. CIBC upped their target price on shares of Teck Resources from C$42.00 to C$50.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 1st. Stifel Nicolaus set a C$64.00 target price on shares of Teck Resources in a research report on Wednesday, February 16th. Finally, TD Securities upped their target price on shares of Teck Resources from C$54.00 to C$70.00 and gave the stock an “action list buy” rating in a research report on Monday, March 7th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$49.95.

TECK.B opened at C$54.35 on Tuesday. The firm has a market cap of C$29.06 billion and a P/E ratio of 10.24. Teck Resources has a 1-year low of C$24.84 and a 1-year high of C$54.56. The company has a 50 day simple moving average of C$48.59 and a two-hundred day simple moving average of C$40.23. The company has a debt-to-equity ratio of 39.25, a current ratio of 1.62 and a quick ratio of 0.91.

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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