Teck Resources (TSE:TECK.B) Price Target Cut to C$66.00

Teck Resources (TSE:TECK.B) had its price objective reduced by Raymond James from C$67.00 to C$66.00 in a report issued on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also weighed in on TECK.B. Canaccord Genuity Group dropped their price objective on shares of Teck Resources from C$66.00 to C$63.00 and set a buy rating on the stock in a report on Wednesday, November 15th. JPMorgan Chase & Co. set a C$52.00 price objective on shares of Teck Resources and gave the company an overweight rating in a report on Tuesday, October 17th. National Bankshares raised shares of Teck Resources from a sector perform rating to an outperform rating and boosted their price objective for the company from C$67.00 to C$70.00 in a report on Friday, July 28th. Eight Capital dropped their price objective on shares of Teck Resources from C$75.00 to C$70.00 and set a buy rating on the stock in a report on Wednesday, November 15th. Finally, Scotiabank dropped their price objective on shares of Teck Resources from C$72.00 to C$69.00 and set an outperform rating on the stock in a report on Wednesday, November 15th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average target price of C$64.35.

Teck Resources Price Performance

TSE TECK.B opened at C$49.40 on Thursday. The firm’s fifty day simple moving average is C$53.34 and its two-hundred day simple moving average is C$54.82. The company has a current ratio of 1.20, a quick ratio of 0.97 and a debt-to-equity ratio of 37.91. Teck Resources has a 12-month low of C$42.39 and a 12-month high of C$66.04. The firm has a market capitalization of C$25.30 billion, a P/E ratio of 11.62, a P/E/G ratio of -0.38 and a beta of 1.30.

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.