Teck Resources (TSE:TECK.B) had its price target cut by equities research analysts at BMO Capital Markets from C$38.00 to C$37.00 in a research note issued on Monday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 71.77% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada lowered their price target on shares of Teck Resources from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. CIBC lowered their price target on shares of Teck Resources from C$41.00 to C$39.00 in a report on Friday, September 6th. Citigroup lowered their price target on shares of Teck Resources from C$30.00 to C$25.00 in a report on Tuesday, October 15th. Barclays lowered their price target on shares of Teck Resources from C$35.00 to C$33.00 in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Teck Resources from C$48.00 to C$37.00 in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$37.19.
TECK.B stock traded down C$0.08 on Monday, reaching C$21.54. 405,028 shares of the company were exchanged, compared to its average volume of 1,990,000. Teck Resources has a 12 month low of C$19.34 and a 12 month high of C$34.31. The stock’s fifty day moving average price is C$22.37 and its 200 day moving average price is C$26.86. The firm has a market capitalization of $11.96 billion and a PE ratio of 4.82. The company has a debt-to-equity ratio of 24.04, a current ratio of 2.47 and a quick ratio of 1.46.
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.
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