Teck Resources (TSE:TECK.B) Hits New 12-Month Low at $21.46

Teck Resources Ltd (TSE:TECK.B) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$21.46 and last traded at C$21.51, with a volume of 355468 shares. The stock had previously closed at C$21.80.

A number of brokerages have recently issued reports on TECK.B. CIBC lowered their target price on shares of Teck Resources from C$41.00 to C$39.00 in a research report on Friday, September 6th. Royal Bank of Canada lowered their target price on shares of Teck Resources from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. BMO Capital Markets lowered their target price on shares of Teck Resources from C$48.00 to C$42.00 in a research report on Friday, July 26th. Raymond James lowered their target price on shares of Teck Resources from C$45.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Finally, National Bank Financial decreased their price target on Teck Resources from C$34.50 to C$31.50 and set an “outperform” rating for the company in a report on Thursday, September 12th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Teck Resources has a consensus rating of “Buy” and a consensus target price of C$40.79.

The firm has a market cap of $11.84 billion and a PE ratio of 4.81. The business has a 50-day moving average price of C$22.91 and a two-hundred day moving average price of C$27.89. The company has a debt-to-equity ratio of 24.04, a current ratio of 2.47 and a quick ratio of 1.46.



About Teck Resources (TSE:TECK.B)

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.

See Also: Producer Price Index (PPI)

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