Shares of Teck Resources Ltd (TSE:TECK.B - Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$64.14 and traded as low as C$63.30. Teck Resources shares last traded at C$63.59, with a volume of 1,572,409 shares traded.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Eight Capital boosted their target price on shares of Teck Resources from C$72.00 to C$75.00 in a report on Thursday, July 11th. TD Securities lifted their price target on shares of Teck Resources from C$78.00 to C$80.00 in a report on Tuesday, July 16th. Canaccord Genuity Group dropped their price objective on Teck Resources from C$80.00 to C$76.00 in a report on Monday, July 22nd. Scotiabank cut their target price on Teck Resources from C$84.00 to C$78.00 in a research report on Monday, August 19th. Finally, Bank of America lowered their price target on Teck Resources from C$88.00 to C$87.00 in a research report on Friday, July 5th. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, Teck Resources has an average rating of "Buy" and a consensus price target of C$76.40.
View Our Latest Stock Report on TECK.B
Teck Resources Stock Up 0.8 %
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 capitalization of C$32.83 billion, a P/E ratio of 22.99, a P/E/G ratio of -0.38 and a beta of 1.36. The stock has a fifty day moving average price of C$64.10 and a two-hundred day moving average price of C$64.92.
About Teck Resources
(
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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.
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