Teck Resources (TSE:TECK.B) Cut to Sector Perform at National Bankshares

National Bankshares downgraded shares of Teck Resources (TSE:TECK.B) from an outperform rating to a sector perform rating in a report released on Tuesday morning,BayStreet.CA reports. The brokerage currently has C$77.50 price target on the stock, down from their previous price target of C$85.00.

Several other research analysts have also recently issued reports on TECK.B. JPMorgan Chase & Co. cut their target price on Teck Resources from C$78.00 to C$76.00 in a research report on Friday, October 25th. Raymond James lifted their price objective on shares of Teck Resources from C$74.00 to C$75.00 in a report on Wednesday, November 6th. Citigroup increased their target price on shares of Teck Resources from C$64.00 to C$74.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Canaccord Genuity Group cut their price target on shares of Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. Finally, Royal Bank of Canada decreased their price objective on shares of Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$76.30.

Teck Resources Trading Down 1.0 %

Shares of Teck Resources stock opened at C$64.30 on Tuesday. The stock has a market capitalization of C$32.92 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. Teck Resources has a 52 week low of C$49.30 and a 52 week high of C$74.37. The stock has a 50 day moving average price of C$66.86 and a two-hundred day moving average price of C$66.11. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48.

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.