Teck Resources (TSE:TECK.B) Price Target Cut to C$31.00

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Teck Resources (TSE:TECK.B) had its target price decreased by BMO Capital Markets from C$34.00 to C$31.00 in a report issued on Tuesday morning, BayStreet.CA reports.

A number of other research firms also recently issued reports on TECK.B. CSFB reduced their price target on shares of Teck Resources from C$35.00 to C$33.00 in a research report on Tuesday, January 14th. Citigroup upgraded shares of Teck Resources from a neutral rating to a buy rating and lifted their price target for the company from C$25.00 to C$27.00 in a research report on Monday, December 16th. Raymond James reiterated an outperform rating and set a C$31.00 price target on shares of Teck Resources in a research report on Friday, February 7th. Scotiabank reduced their price target on shares of Teck Resources from C$31.00 to C$30.00 in a research report on Wednesday, January 15th. Finally, Barclays reduced their price target on shares of Teck Resources from C$35.00 to C$33.00 in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of C$33.88.

Shares of TECK.B opened at C$17.83 on Tuesday. Teck Resources has a twelve month low of C$16.84 and a twelve month high of C$34.31. The stock’s 50 day moving average is C$20.02 and its two-hundred day moving average is C$21.71. The firm has a market capitalization of $10.14 billion and a PE ratio of 6.13. The company has a current ratio of 2.09, a quick ratio of 1.16 and a debt-to-equity ratio of 24.09.

About Teck Resources

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.

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Analyst Recommendations for Teck Resources (TSE:TECK.B)

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