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

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

A number of other research firms have also recently weighed in on TECK.B. Jefferies Financial Group upped their price objective on shares of Teck Resources from C$80.00 to C$85.00 in a research report on Monday, July 8th. Raymond James upped their price objective on shares of Teck Resources from C$73.00 to C$74.00 in a research report on Friday. BMO Capital Markets reduced their price objective on shares of Teck Resources from C$80.00 to C$77.00 in a research report on Thursday, July 25th. Bank of America reduced their target price on shares of Teck Resources from C$88.00 to C$87.00 in a research report on Friday, July 5th. Finally, TD Securities increased their target price on shares of Teck Resources from C$78.00 to C$80.00 in a research report on Tuesday, July 16th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Teck Resources has an average rating of “Moderate Buy” and an average price target of C$76.63.

Teck Resources Stock Performance

TSE:TECK.B opened at C$66.32 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 company has a fifty day moving average of C$66.35 and a two-hundred day moving average of C$66.64. The stock has a market capitalization of C$33.96 billion, a PE ratio of 23.77, a P/E/G ratio of -0.38 and a beta of 1.37. Teck Resources has a fifty-two week low of C$47.47 and a fifty-two week high of C$74.37.

About Teck Resources

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.