Teck Resources (TSE:TECK.B) Given New C$68.00 Price Target at Citigroup

Teck Resources (TSE:TECK.B - Get Free Report) had its price objective dropped by Citigroup from C$74.00 to C$68.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a "neutral" rating on the stock. Citigroup's price target indicates a potential upside of 16.50% from the company's current price.

A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. Jefferies Financial Group dropped their target price on shares of Teck Resources from C$80.00 to C$70.00 in a research report on Monday, January 6th. CIBC cut their target price on shares of Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Raymond James lifted their price target on shares of Teck Resources from C$74.00 to C$75.00 in a research note on Wednesday, November 6th. Finally, Scotiabank upped their price objective on shares of Teck Resources from C$74.00 to C$75.00 in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$76.29.

Teck Resources Trading Down 1.7 %

Shares of TECK.B traded down C$1.00 during mid-day trading on Thursday, reaching C$58.37. 933,205 shares of the company were exchanged, compared to its average volume of 953,405. The stock has a market capitalization of C$29.89 billion, a PE ratio of 20.92, a PEG ratio of -0.38 and a beta of 1.37. Teck Resources has a 52 week low of C$49.45 and a 52 week high of C$74.37. 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 business has a 50 day simple moving average of C$61.45 and a two-hundred day simple moving average of C$64.20.

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.