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$66.31 and traded as low as C$65.13. Teck Resources shares last traded at C$65.23, with a volume of 609,973 shares trading hands.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on TECK.B shares. Royal Bank of Canada lowered their target price on Teck Resources from C$88.00 to C$85.00 and set an "outperform" rating for the company in a research note on Tuesday, September 10th. Citigroup increased 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. BMO Capital Markets reduced their price target on Teck Resources from C$80.00 to C$77.00 in a report on Thursday, July 25th. Eight Capital increased their price target on Teck Resources from C$72.00 to C$75.00 in a report on Thursday, July 11th. Finally, JPMorgan Chase & Co. reduced their price target on Teck Resources from C$78.00 to C$76.00 in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Teck Resources presently has a consensus rating of "Moderate Buy" and an average target price of C$76.63.
Read Our Latest Stock Analysis on TECK.B
Teck Resources Trading Up 0.7 %
The firm has a market cap of C$33.40 billion, a P/E ratio of 23.38, a P/E/G 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 firm has a fifty day moving average of C$66.31 and a 200-day moving average of C$66.60.
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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