National Bankshares Has Lowered Expectations for Teck Resources (TSE:TECK.B) Stock Price

Teck Resources (TSE:TECK.B) had its target price decreased by National Bankshares from C$77.50 to C$75.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 26.33% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Raymond James boosted 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. Jefferies Financial Group reduced their price objective on shares of Teck Resources from C$80.00 to C$70.00 in a research note on Monday, January 6th. Canaccord Genuity Group dropped their target price on shares of Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. CIBC reduced their price target on shares of Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. cut their target price on shares of Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$76.29.

Teck Resources Trading Down 1.7 %

Teck Resources stock opened at C$59.37 on Thursday. The firm has a market cap of C$30.40 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. Teck Resources has a 1 year low of C$49.45 and a 1 year high of C$74.37. The firm’s 50 day moving average price is C$61.58 and its two-hundred day moving average price is C$64.29. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48.

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.