Shares of Teck Resources Ltd (TSE:TECK.B - Get Free Report) traded down 0.7% during mid-day trading on Wednesday . The company traded as low as C$64.35 and last traded at C$64.40. 865,329 shares were traded during trading, a decline of 26% from the average session volume of 1,166,581 shares. The stock had previously closed at C$64.88.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. National Bankshares increased their price objective on shares of Teck Resources from C$86.00 to C$90.00 in a research note on Tuesday, October 15th. CIBC lowered their price target on shares of Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Royal Bank of Canada cut their price objective on Teck Resources from C$88.00 to C$85.00 and set an "outperform" rating for the company in a research report on Tuesday, September 10th. Citigroup upped their target price on Teck Resources from C$64.00 to C$74.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. dropped their price target on Teck Resources from C$78.00 to C$76.00 in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Teck Resources currently has an average rating of "Moderate Buy" and an average target price of C$77.13.
Check Out Our Latest Stock Report on Teck Resources
Teck Resources Price Performance
The stock has a market cap of C$32.61 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. 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 business's fifty day simple moving average is C$67.26 and its 200 day simple moving average is C$66.32.
About Teck Resources
(
Get Free Report)
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.
Further Reading
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
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
