Teck Resources (TSE:TECK.B) Stock Price Crosses Below 50 Day Moving Average - Should You Sell?

Teck Resources Ltd (TSE:TECK.B - Get Free Report)'s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$62.33 and traded as low as C$61.03. Teck Resources shares last traded at C$62.45, with a volume of 1,334,334 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TECK.B shares. JPMorgan Chase & Co. cut their price target on Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. Raymond James increased their target price on Teck Resources from C$74.00 to C$75.00 in a research report on Wednesday, November 6th. Citigroup boosted their price target on Teck Resources from C$64.00 to C$74.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd. CIBC dropped their price target on Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Finally, Scotiabank lifted their price objective on shares of Teck Resources from C$74.00 to C$75.00 in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Teck Resources has an average rating of "Moderate Buy" and a consensus target price of C$76.18.

Teck Resources Price Performance

The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The company has a market capitalization of C$31.97 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The stock's 50-day moving average is C$62.33 and its two-hundred day moving average is C$64.65.

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.