Teck Resources (TSE:TECK.B) PT Lowered to C$58.00 at CIBC

Teck Resources (TSE:TECK.BGet Rating) had its price objective lowered by CIBC from C$70.00 to C$58.00 in a research note released on Tuesday, BayStreet.CA reports.

A number of other research firms have also commented on TECK.B. National Bankshares lowered their price target on Teck Resources from C$55.00 to C$52.50 and set an outperform rating for the company in a research report on Thursday, July 28th. B. Riley reissued a buy rating and issued a C$58.00 price target on shares of Teck Resources in a research report on Thursday, April 28th. Stifel Nicolaus lowered their price target on Teck Resources from C$68.00 to C$62.00 in a research report on Tuesday, July 19th. Morgan Stanley lowered Teck Resources to a hold rating and set a C$45.00 target price for the company. in a research report on Thursday, June 30th. Finally, JPMorgan Chase & Co. decreased their target price on Teck Resources from C$60.00 to C$43.00 in a research report on Friday, July 15th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of C$51.41.

Teck Resources Trading Up 5.3 %

TSE TECK.B opened at C$38.97 on Tuesday. The firm has a market capitalization of C$20.63 billion and a P/E ratio of 5.12. The business has a fifty day simple moving average of C$42.42 and a 200 day simple moving average of C$46.34. Teck Resources has a 12 month low of C$24.84 and a 12 month high of C$57.50. The company has a current ratio of 1.92, a quick ratio of 1.19 and a debt-to-equity ratio of 37.83.

Teck Resources Company Profile

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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.

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Analyst Recommendations for Teck Resources (TSE:TECK.B)

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