National Bankshares Lowers Teck Resources (TSE:TECK.B) Price Target to C$70.00

Teck Resources (TSE:TECK.B) had its price target lowered by stock analysts at National Bankshares from C$72.00 to C$70.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 52.64% from the company’s previous close.

A number of other analysts have also recently issued reports on TECK.B. Raymond James raised their price objective on Teck Resources from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research 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 for the company in a report on Thursday, January 30th. Jefferies Financial Group decreased their price objective on shares of Teck Resources from C$80.00 to C$70.00 in a report on Monday, January 6th. Scotiabank dropped their price objective on shares of Teck Resources from C$75.00 to C$73.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Teck Resources from C$72.00 to C$58.00 in a report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Teck Resources has an average rating of “Moderate Buy” and a consensus price target of C$73.36.

Teck Resources Stock Performance

Shares of TECK.B stock traded down C$1.42 on Wednesday, reaching C$45.86. The stock had a trading volume of 440,215 shares, compared to its average volume of 1,278,315. Teck Resources has a 12 month low of C$40.23 and a 12 month high of C$74.37. The firm has a market capitalization of C$23.48 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of -0.38 and a beta of 1.37. The firm’s 50-day moving average is C$55.68 and its two-hundred day moving average is C$61.11. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46.

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.