Teck Resources (TSE:TECK.B) PT Lowered to C$78.00 at CIBC

Teck Resources (TSE:TECK.B) had its price objective lowered by CIBC from C$80.00 to C$78.00 in a research report sent to investors on Friday, BayStreet.CA reports.

A number of other research firms also recently weighed in on TECK.B. Scotiabank decreased their price target on shares of Teck Resources from C$79.00 to C$74.00 in a research note on Friday. TD Securities lifted their target price on shares of Teck Resources from C$78.00 to C$80.00 in a research report on Tuesday, July 16th. Eight Capital upped their price objective on Teck Resources from C$72.00 to C$75.00 in a research note on Thursday, July 11th. BMO Capital Markets decreased their price target on Teck Resources from C$80.00 to C$77.00 in a research note on Thursday, July 25th. Finally, Royal Bank of Canada dropped their price objective on 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. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Teck Resources has an average rating of “Moderate Buy” and a consensus target price of C$76.63.

Teck Resources Trading Up 1.5 %

Teck Resources stock opened at C$65.80 on Friday. The business has a 50 day moving average price of C$66.37 and a two-hundred day moving average price of C$66.64. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. Teck Resources has a 12 month low of C$47.47 and a 12 month high of C$74.37. The stock has a market cap of C$33.69 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37.

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.