TD Securities Has Lowered Expectations for Teck Resources (TSE:TECK.B) Stock Price

Teck Resources (TSE:TECK.B - Free Report) had its target price trimmed by TD Securities from C$73.00 to C$62.00 in a research note released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Teck Resources from C$72.00 to C$58.00 in a report on Thursday, April 10th. Citigroup dropped their price objective on Teck Resources from C$74.00 to C$68.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Canaccord Genuity Group decreased their target price on Teck Resources from C$73.00 to C$71.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. National Bankshares dropped their price target on Teck Resources from C$77.50 to C$75.00 and set a "sector perform" rating for the company in a research note on Thursday, January 30th. Finally, Jefferies Financial Group reduced their price objective on shares of Teck Resources from C$80.00 to C$70.00 in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$73.36.

Teck Resources Stock Performance

TECK.B traded down C$0.77 during trading on Tuesday, hitting C$45.60. The company's stock had a trading volume of 1,038,911 shares, compared to its average volume of 1,288,314. Teck Resources has a one year low of C$40.23 and a one year high of C$74.37. The business's 50 day simple moving average is C$54.76 and its 200-day simple moving average is C$60.65. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The firm has a market cap of C$23.35 billion, a PE ratio of 16.34, a P/E/G ratio of -0.38 and a beta of 1.37.

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.