Royal Bank of Canada Lowers Teck Resources (TSE:TECK.B) Price Target to C$82.00

Teck Resources (TSE:TECK.B) had its target price lowered by Royal Bank of Canada from C$84.00 to C$82.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other analysts have also weighed in on TECK.B. Canaccord Genuity Group lowered their price objective on shares of Teck Resources from C$73.00 to C$71.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Raymond James upped their price target on Teck Resources from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. UBS Group decreased their price objective on shares of Teck Resources from C$67.00 to C$55.00 in a research note on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Teck Resources from C$72.00 to C$58.00 in a research report on Thursday, April 10th. Finally, Jefferies Financial Group reduced their price objective on Teck Resources from C$80.00 to C$70.00 in a report on Monday, January 6th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$71.94.

Teck Resources Trading Down 1.6 %

TSE TECK.B opened at C$49.36 on Friday. The business’s 50-day moving average price is C$53.42 and its two-hundred day moving average price is C$59.88. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. 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$25.27 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37.

About Teck Resources

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.