National Bankshares Lowers Teck Resources (TSE:TECK.B) Price Target to C$75.00

Teck Resources (TSE:TECK.B) had its price objective decreased by National Bankshares from C$77.50 to C$75.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 23.89% from the stock’s previous close.

Several other research firms also recently commented on TECK.B. CIBC lowered their target price on shares of Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. Citigroup reduced their price target on shares of Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating on the stock in a research note on Thursday. Jefferies Financial Group cut their target price on shares of Teck Resources from C$80.00 to C$70.00 in a research report on Monday, January 6th. Raymond James lifted their price objective on shares of Teck Resources from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Canaccord Genuity Group lowered their target price on shares of Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$76.29.

Teck Resources Stock Performance

TSE TECK.B traded up C$1.21 during trading hours on Thursday, hitting C$60.54. 361,422 shares of the company’s stock traded hands, compared to its average volume of 916,430. The business’s fifty day moving average price is C$61.68 and its two-hundred day moving average price is C$64.34. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The firm has a market capitalization of C$31.00 billion, a P/E ratio of 21.70, a P/E/G ratio of -0.38 and a beta of 1.37. Teck Resources has a 52 week low of C$49.45 and a 52 week high of C$74.37.

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.