Teck Resources (TSE:TECK.B) PT Lowered to C$43.00 at Raymond James

Teck Resources (TSE:TECK.B) had its target price reduced by research analysts at Raymond James from C$45.00 to C$43.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 52.89% from the stock’s previous close.

Several other equities analysts have also commented on the company. National Bank Financial lowered Detour Gold to a “hold” rating in a research report on Friday, June 28th. Royal Bank of Canada reissued an “average” rating and set a $48.00 price objective on shares of in a research report on Thursday, June 27th. JPMorgan Chase & Co. lowered their price target on Teck Resources from C$56.00 to C$55.00 in a research report on Wednesday, April 24th. TD Securities lowered their price target on West Fraser Timber from C$74.00 to C$70.00 and set a “buy” rating for the company in a research report on Monday. Finally, Canaccord Genuity lowered their price target on Trevali Mining from C$0.75 to C$0.65 in a research report on Monday, April 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Teck Resources has a consensus rating of “Buy” and a consensus price target of C$41.46.

TSE:TECK.B traded down C$0.27 during trading hours on Friday, hitting C$28.13. The company had a trading volume of 1,253,027 shares, compared to its average volume of 1,990,000. The firm has a market cap of $16.77 billion and a P/E ratio of 5.47. The company’s 50-day simple moving average is C$29.18. Teck Resources has a 52 week low of C$23.90 and a 52 week high of C$34.49. The company has a quick ratio of 1.95, a current ratio of 2.95 and a debt-to-equity ratio of 27.70.

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.

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

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