Teck Resources (TSE:TECK.B) Stock Price Passes Below 50-Day Moving Average - Time to Sell?

Shares of Teck Resources Ltd (TSE:TECK.B - Get Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 Ratings Changes

TECK.B has been the topic of a number of analyst reports. National Bankshares downgraded shares of Teck Resources from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from C$85.00 to C$77.50 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price target on shares of Teck Resources from C$78.00 to C$76.00 in a report on Friday, October 25th. Jefferies Financial Group reduced their price target on Teck Resources from C$80.00 to C$70.00 in a research report on Monday, January 6th. Canaccord Genuity Group lowered their price objective on Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Finally, Scotiabank boosted their target price on Teck Resources from C$74.00 to C$75.00 in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Teck Resources has a consensus rating of "Moderate Buy" and a consensus price target of C$76.18.

Teck Resources Trading Up 2.4 %

The stock has a 50-day simple moving average of C$62.33 and a 200 day simple moving average of C$64.65. 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 cap of C$31.97 billion, a price-to-earnings ratio of 22.38, 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.