Teck Resources (TSE:TECK.B) Price Target Lowered to C$55.00 at Citigroup

Teck Resources (TSE:TECK.B) had its price objective reduced by Citigroup from C$68.00 to C$55.00 in a research report released on Monday morning,BayStreet.CA reports. They currently have a neutral rating on the stock.

Other equities analysts have also issued reports about the stock. UBS Group lowered their target price on shares of Teck Resources from C$67.00 to C$55.00 in a report on Wednesday, April 23rd. Royal Bank of Canada decreased their price objective on shares of Teck Resources from C$84.00 to C$82.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Desjardins decreased their price objective on shares of Teck Resources from C$74.00 to C$72.00 and set a “buy” rating for the company in a report on Friday, April 25th. TD Securities cut their target price on shares of Teck Resources from C$73.00 to C$62.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. cut their target price on shares of Teck Resources from C$72.00 to C$58.00 in a research report on Thursday, April 10th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Teck Resources currently has a consensus rating of “Moderate Buy” and an average target price of C$71.13.

Teck Resources Stock Performance

Teck Resources stock opened at C$53.06 on Monday. The stock’s 50 day simple moving average is C$49.00 and its two-hundred day simple moving average is C$56.08. 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 stock has a market cap of C$27.17 billion, a price-to-earnings ratio of 19.02, a PEG ratio of -0.38 and a beta of 1.37. Teck Resources has a fifty-two week low of C$40.23 and a fifty-two week high of C$72.92.

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.