Teck Resources (TSE:TECK.B) Price Target Cut to C$68.00 by Analysts at Citigroup

Teck Resources (TSE:TECK.B) had its price target lowered by Citigroup from C$74.00 to C$68.00 in a report issued on Thursday,BayStreet.CA reports. Citigroup currently has a neutral rating on the stock.

TECK.B has been the subject of a number of other reports. Canaccord Genuity Group decreased their price objective on shares of Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. Scotiabank upped their price target on Teck Resources from C$74.00 to C$75.00 in a report on Wednesday, November 6th. CIBC dropped their price objective on Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Raymond James boosted their target price on Teck Resources from C$74.00 to C$75.00 in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Teck Resources from C$78.00 to C$76.00 in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$76.29.

Teck Resources Stock Performance

Shares of TECK.B opened at C$60.39 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The stock has a market cap of C$30.92 billion, a P/E ratio of 21.65, a P/E/G ratio of -0.38 and a beta of 1.37. The business’s 50 day moving average price is C$61.68 and its 200-day moving average price is C$64.34. Teck Resources has a 52 week low of C$49.45 and a 52 week high of C$74.37.

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.