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.
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.
Further Reading: What does an equal weight rating mean?
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