Jefferies Financial Group Has Lowered Expectations for Teck Resources (TSE:TECK.B) Stock Price

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

Several other research analysts have also issued reports on TECK.B. CIBC lowered their target price on Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Citigroup raised their price objective on Teck Resources from C$64.00 to C$74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Scotiabank upped their target price on Teck Resources from C$74.00 to C$75.00 in a report on Wednesday, November 6th. Royal Bank of Canada lowered their price target on shares of Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Teck Resources from C$78.00 to C$76.00 in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Teck Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of C$75.30.

Teck Resources Stock Up 0.4 %

Shares of TSE:TECK.B opened at C$59.42 on Monday. Teck Resources has a 52-week low of C$49.30 and a 52-week high of C$74.37. The company has a market capitalization of C$30.42 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The company has a fifty day moving average of C$63.30 and a 200-day moving average of C$64.94.

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.