Canaccord Genuity Group Cuts Teck Resources (TSE:TECK.B) Price Target to C$76.00

Teck Resources (TSE:TECK.B) had its price target decreased by Canaccord Genuity Group from C$80.00 to C$76.00 in a report issued on Monday, BayStreet.CA reports.

Other analysts have also recently issued reports about the stock. CIBC set a C$80.00 price target on shares of Teck Resources and gave the company an outperform rating in a report on Friday, July 12th. JPMorgan Chase & Co. boosted their price target on shares of Teck Resources from C$72.00 to C$76.00 in a report on Thursday, July 18th. Bank of America reduced their price objective on Teck Resources from C$88.00 to C$87.00 in a research report on Friday, July 5th. National Bankshares lifted their price objective on shares of Teck Resources from C$82.50 to C$86.00 and gave the company an outperform rating in a research note on Monday, July 15th. Finally, TD Securities increased their price target on Teck Resources from C$78.00 to C$80.00 in a research note on Tuesday, July 16th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teck Resources currently has an average rating of Buy and a consensus price target of C$76.46.

Teck Resources Stock Performance

TSE:TECK.B opened at C$62.36 on Monday. The company has a market cap of C$31.88 billion, a P/E ratio of 20.38, a P/E/G ratio of -0.38 and a beta of 1.42. The company has a quick ratio of 0.97, a current ratio of 1.49 and a debt-to-equity ratio of 37.28. The firm’s 50 day moving average is C$67.47 and its two-hundred day moving average is C$61.68. Teck Resources has a fifty-two week low of C$47.47 and a fifty-two week high of C$74.37.

Teck Resources Company Profile

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.