Teck Resources (TSE:TECK.B) Price Target Cut to C$88.00 by Analysts at Royal Bank of Canada

Teck Resources (TSE:TECK.B) had its target price cut by Royal Bank of Canada from C$91.00 to C$88.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. CIBC set a C$80.00 price objective on Teck Resources and gave the company an outperform rating in a research note on Friday, July 12th. Scotiabank upped their price objective on Teck Resources from C$83.00 to C$85.00 and gave the company an outperform rating in a research note on Monday, July 15th. TD Securities upped their price objective on Teck Resources from C$78.00 to C$80.00 in a research note on Tuesday, July 16th. Raymond James upped their price objective on Teck Resources from C$70.00 to C$71.00 and gave the company an outperform rating in a research note on Monday, April 29th. Finally, National Bankshares upped their price objective on Teck Resources from C$82.50 to C$86.00 and gave the company an outperform rating in a research note on Monday, July 15th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Teck Resources presently has a consensus rating of Buy and a consensus target price of C$77.00.

Teck Resources Price Performance

Shares of TSE TECK.B opened at C$65.63 on Thursday. Teck Resources has a twelve month low of C$47.47 and a twelve month high of C$74.37. The stock’s 50 day moving average price is C$67.17 and its 200-day moving average price is C$61.91. The company has a market capitalization of C$33.56 billion, a PE ratio of 21.45, a PEG ratio of -0.38 and a beta of 1.42. The company has a quick ratio of 0.97, a current ratio of 1.49 and a debt-to-equity ratio of 37.28.

About Teck Resources

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.