Teck Resources (TSE:TECK.B) Hits New 52-Week Low - Here's What Happened

Teck Resources Ltd (TSE:TECK.B - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$53.97 and last traded at C$54.00, with a volume of 369637 shares. The stock had previously closed at C$57.21.

Analysts Set New Price Targets

A number of research firms have weighed in on TECK.B. National Bankshares decreased their price objective on Teck Resources from C$77.50 to C$75.00 and set a "sector perform" rating on the stock in a report on Thursday, January 30th. Citigroup decreased their price target on Teck Resources from C$74.00 to C$68.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Jefferies Financial Group lowered their price target on Teck Resources from C$80.00 to C$70.00 in a research report on Monday, January 6th. Raymond James lifted their price objective 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, Scotiabank reduced 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 note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and eight have issued 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 price target of C$76.29.

Teck Resources Trading Up 3.6 %

The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The firm has a market cap of C$29.47 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of -0.38 and a beta of 1.37. The company's 50-day moving average is C$59.91 and its 200-day moving average is C$63.16.

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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.