Teck Resources (TSE:TECK.B) Price Target Lowered to C$62.00 at TD Securities

Teck Resources (TSE:TECK.B) had its price target trimmed by TD Securities from C$73.00 to C$62.00 in a report published on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

TECK.B has been the subject of a number of other reports. Scotiabank decreased their target price on shares of Teck Resources from C$75.00 to C$73.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Jefferies Financial Group lowered their target price on Teck Resources from C$80.00 to C$70.00 in a report on Monday, January 6th. Raymond James raised their target price on Teck Resources from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price target on shares of Teck Resources from C$72.00 to C$58.00 in a research report on Thursday, April 10th. Finally, Canaccord Genuity Group dropped their price objective on shares of Teck Resources from C$73.00 to C$71.00 and set a “buy” rating on the stock in a 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$73.71.

Teck Resources Price Performance

TECK.B opened at C$47.28 on Tuesday. Teck Resources has a 1 year low of C$40.23 and a 1 year high of C$74.37. The stock has a 50-day moving average price of C$55.68 and a 200-day moving average price of C$61.11. The firm has a market cap of C$24.21 billion, a PE ratio of 16.95, a P/E/G ratio of -0.38 and a beta of 1.37. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97.

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.