Teck Resources Ltd (TSE:TECK.B - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$50.55 and last traded at C$51.19, with a volume of 179475 shares. The stock had previously closed at C$53.61.
Analysts Set New Price Targets
A number of brokerages recently issued reports on TECK.B. Scotiabank dropped their target price on shares of Teck Resources from C$75.00 to C$73.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Jefferies Financial Group cut their price objective on shares of Teck Resources from C$80.00 to C$70.00 in a research report on Monday, January 6th. National Bankshares decreased their target price on Teck Resources from C$77.50 to C$75.00 and set a "sector perform" rating on the stock in a research report on Thursday, January 30th. 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, January 30th. Finally, Citigroup decreased their price objective on Teck Resources from C$74.00 to C$68.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$76.29.
View Our Latest Report on Teck Resources
Teck Resources Stock Down 11.3 %
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$21.82 billion, a P/E ratio of 15.27, a P/E/G ratio of -0.38 and a beta of 1.37. The business has a fifty day moving average of C$58.74 and a 200 day moving average of C$62.55.
Teck Resources Company Profile
(
Get Free Report)
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.
See Also
Before you consider Teck Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Teck Resources wasn't on the list.
While Teck Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
