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

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

Other equities research analysts have also recently issued reports about the company. TD Securities lowered their price objective on Teck Resources from C$73.00 to C$62.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. UBS Group lowered their target price on Teck Resources from C$67.00 to C$55.00 in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their target price on Teck Resources from C$72.00 to C$58.00 in a report on Thursday, April 10th. Desjardins lowered their target price on Teck Resources from C$74.00 to C$72.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, National Bankshares upgraded Teck Resources from a “sector perform” rating to an “outperform” rating and set a C$70.00 target price on the stock in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$71.13.

Teck Resources Trading Up 1.0%

TECK.B stock opened at C$53.37 on Monday. 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$72.92. The stock has a market cap of C$27.33 billion, a price-to-earnings ratio of 19.13, a PEG ratio of -0.38 and a beta of 1.37. The business’s 50-day moving average is C$48.68 and its 200 day moving average is C$56.19.

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.