Teck Resources (TSE:TECK.B) Price Target Cut to C$77.00

Teck Resources (TSE:TECK.B) had its target price decreased by BMO Capital Markets from C$80.00 to C$77.00 in a research note released on Thursday, BayStreet.CA reports.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada lowered their price objective on shares of Teck Resources from C$91.00 to C$88.00 in a research report on Thursday. Canaccord Genuity Group lowered their price target on Teck Resources from C$80.00 to C$76.00 in a report on Monday. National Bankshares boosted their price target on Teck Resources from C$82.50 to C$86.00 and gave the company an outperform rating in a research report on Monday, July 15th. CIBC set a C$80.00 price objective on Teck Resources and gave the stock an outperform rating in a research report on Friday, July 12th. Finally, TD Securities lifted their target price on Teck Resources from C$78.00 to C$80.00 in a research note on Tuesday, July 16th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of C$77.00.

Teck Resources Price Performance

Shares of TSE TECK.B opened at C$63.17 on Thursday. The company has a current ratio of 1.49, a quick ratio of 0.97 and a debt-to-equity ratio of 37.28. The stock has a market cap of C$32.30 billion, a P/E ratio of 20.64, a P/E/G ratio of -0.38 and a beta of 1.42. The stock has a 50 day moving average of C$67.32 and a two-hundred day moving average of C$61.69. Teck Resources has a twelve month low of C$47.47 and a twelve month high of C$74.37.

About Teck Resources

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.