Teck Resources (TSE:TECK.B) Given New C$70.00 Price Target at Jefferies Financial Group

Teck Resources (TSE:TECK.B - Get Free Report) had its price objective reduced by Jefferies Financial Group from C$80.00 to C$70.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group's price target points to a potential upside of 17.81% from the stock's previous close.

TECK.B has been the subject of several other reports. Canaccord Genuity Group dropped their target price on Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Royal Bank of Canada dropped their price objective on Teck Resources from C$88.00 to C$85.00 and set an "outperform" rating for the company in a report on Tuesday, September 10th. Raymond James upped their target price on shares of Teck Resources from C$74.00 to C$75.00 in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lowered their price target on shares of Teck Resources from C$78.00 to C$76.00 in a research report on Friday, October 25th. Finally, CIBC cut their price objective on shares of Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$75.30.

Teck Resources Price Performance

Shares of TECK.B traded up C$0.21 on Monday, hitting C$59.42. The company's stock had a trading volume of 1,136,364 shares, compared to its average volume of 788,587. The company has a market capitalization of C$30.42 billion, a PE ratio of 21.30, a PEG ratio of -0.38 and a beta of 1.37. Teck Resources has a fifty-two week low of C$49.30 and a fifty-two week high of C$74.37. The company has a 50 day moving average price of C$63.30 and a 200 day moving average price of C$64.94. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97.

About Teck Resources

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.