Teck Resources (TSE:TECK.B) Price Target Cut to C$75.00 by Analysts at National Bankshares

Teck Resources (TSE:TECK.B - Get Free Report) had its price objective reduced by stock analysts at National Bankshares from C$77.50 to C$75.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bankshares' target price indicates a potential upside of 28.49% from the company's previous close.

Several other brokerages also recently commented on TECK.B. Citigroup reduced their price target on shares of Teck Resources from C$74.00 to C$68.00 and set a "neutral" rating for the company in a research report on Thursday. Canaccord Genuity Group decreased their target price on Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Scotiabank dropped their price target on Teck Resources from C$75.00 to C$73.00 and set an "outperform" rating on the stock in a research report on Thursday. CIBC reduced their price objective on Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their target price on Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Teck Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of C$76.29.

Teck Resources Trading Down 1.7 %

Shares of TSE:TECK.B traded down C$1.00 during midday trading on Thursday, reaching C$58.37. The company had a trading volume of 933,205 shares, compared to its average volume of 953,405. 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 has a 1-year low of C$49.45 and a 1-year high of C$74.37. The firm has a market cap of C$29.89 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The company has a fifty 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.