Teck Resources (TSE:TECK.B) Price Target Lowered to C$71.00 at Canaccord Genuity Group

Teck Resources (TSE:TECK.B - Free Report) had its price objective trimmed by Canaccord Genuity Group from C$73.00 to C$71.00 in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently commented on TECK.B. Raymond James upped their price target on Teck Resources from C$70.00 to C$75.00 and gave the company an "outperform" rating in a report on Thursday. Scotiabank lowered their price target on shares of Teck Resources from C$75.00 to C$73.00 and set an "outperform" rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of Teck Resources from C$78.00 to C$76.00 in a report on Friday, October 25th. CIBC lowered their target price on shares of Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Finally, Canaccord Genuity Group cut their price target on shares of Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Teck Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of C$76.29.

Teck Resources Stock Performance

TECK.B stock traded down C$0.98 on Thursday, reaching C$58.39. 1,140,152 shares of the company were exchanged, compared to its average volume of 958,108. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. Teck Resources has a 12 month low of C$49.45 and a 12 month high of C$74.37. The stock's fifty day moving average price is C$61.45 and its 200 day moving average price is C$64.20. The firm has a market capitalization of C$29.90 billion, a PE ratio of 20.93, a PEG 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.