Teck Resources (TSE:TECK.B) Hits New 1-Year Low – Time to Sell?

Teck Resources Ltd (TSE:TECK.B) hit a new 52-week low during trading on Monday . The stock traded as low as C$53.97 and last traded at C$54.00, with a volume of 369637 shares. The stock had previously closed at C$57.21.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TECK.B shares. Jefferies Financial Group reduced their target price on Teck Resources from C$80.00 to C$70.00 in a research note on Monday, January 6th. Citigroup dropped their price target on Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Canaccord Genuity Group dropped their price target on Teck Resources from C$73.00 to C$71.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Scotiabank dropped their price target on Teck Resources from C$75.00 to C$73.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, Raymond James lifted their price target on Teck Resources from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$76.29.

Teck Resources Price Performance

The company’s 50-day moving average is C$59.92 and its two-hundred day moving average is C$63.23. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The firm has a market cap of C$28.43 billion, a P/E ratio of 19.90, a PEG ratio of -0.38 and a beta of 1.37.

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.