Jefferies Financial Group Cuts Teck Resources (TSE:TECK.B) Price Target to C$70.00

Teck Resources (TSE:TECK.B) had its target price decreased by Jefferies Financial Group from C$80.00 to C$70.00 in a report published on Monday morning,BayStreet.CA reports.

A number of other equities research analysts have also recently commented on the stock. Royal Bank of Canada cut their price target on shares of Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Raymond James increased their target price on Teck Resources from C$74.00 to C$75.00 in a research note on Wednesday, November 6th. Canaccord Genuity Group decreased their price target on Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on Teck Resources from C$78.00 to C$76.00 in a research report on Friday, October 25th. Finally, Scotiabank lifted their price objective on Teck Resources from C$74.00 to C$75.00 in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$75.30.

Teck Resources Stock Performance

Shares of Teck Resources stock opened at C$59.63 on Monday. The stock has a market cap of C$30.53 billion, a price-to-earnings ratio of 21.37, a PEG ratio of -0.38 and a beta of 1.37. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. Teck Resources has a 1 year low of C$49.30 and a 1 year high of C$74.37. The firm’s 50-day moving average is C$63.03 and its 200 day moving average is C$64.86.

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.