Teck Resources (TSE:TECK.B) Hits New 1-Year Low – Time to Sell?

Shares of Teck Resources Ltd (TSE:TECK.B) hit a new 52-week low during trading on Monday . The stock traded as low as C$53.97 and last traded at C$54.00, with a volume of 369637 shares. The stock had previously closed at C$57.21.

Analyst Ratings Changes

Several analysts have recently commented on the company. National Bankshares decreased their target price on Teck Resources from C$77.50 to C$75.00 and set a “sector perform” rating on the stock in a report on Thursday, January 30th. Canaccord Genuity Group cut their price target on Teck Resources from C$73.00 to C$71.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Citigroup cut their price target on Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Jefferies Financial Group cut their price target on Teck Resources from C$80.00 to C$70.00 in a research note on Monday, January 6th. Finally, Scotiabank cut their price target on Teck Resources from C$75.00 to C$73.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Teck Resources has an average rating of “Moderate Buy” and a consensus price target of C$76.29.

Teck Resources Stock Performance

The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The firm has a market capitalization of C$28.43 billion, a P/E ratio of 19.90, a P/E/G ratio of -0.38 and a beta of 1.37. The stock has a fifty day moving average of C$59.92 and a 200-day moving average of C$63.23.

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.