Royal Bank of Canada Cuts Teck Resources (TSE:TECK.B) Price Target to C$82.00

Teck Resources (TSE:TECK.B) had its price target lowered by Royal Bank of Canada from C$84.00 to C$82.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

TECK.B has been the topic of a number of other reports. Scotiabank lowered their price objective on shares of Teck Resources from C$75.00 to C$73.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. National Bankshares upgraded Teck Resources from a “sector perform” rating to an “outperform” rating and set a C$70.00 price objective on the stock in a research note on Friday. Canaccord Genuity Group lowered their target price on shares of Teck Resources from C$73.00 to C$71.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Citigroup decreased their price objective on shares of Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Finally, Desjardins cut their target price on shares of Teck Resources from C$74.00 to C$72.00 and set a “buy” rating for the company in a research note on Friday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$71.94.

Teck Resources Trading Down 1.6 %

TECK.B opened at C$49.36 on Friday. The firm’s fifty day simple moving average is C$53.42 and its 200 day simple moving average is C$59.81. Teck Resources has a 12 month low of C$40.23 and a 12 month high of C$74.37. The stock has a market capitalization of C$25.27 billion, a P/E ratio of 17.69, a P/E/G ratio of -0.38 and a beta of 1.37. 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 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.