Teck Resources (TECK.B) – Investment Analysts’ Weekly Ratings Changes

Teck Resources (TSE: TECK.B) recently received a number of ratings updates from brokerages and research firms:

  • 10/15/2019 – Teck Resources had its price target lowered by analysts at Barclays PLC from C$35.00 to C$33.00.
  • 10/15/2019 – Teck Resources had its price target lowered by analysts at Citigroup Inc from C$30.00 to C$25.00.
  • 10/11/2019 – Teck Resources had its price target lowered by analysts at TD Securities from C$38.00 to C$32.00. They now have a “buy” rating on the stock.
  • 10/10/2019 – Teck Resources had its price target lowered by analysts at JPMorgan Chase & Co. from C$48.00 to C$37.00.
  • 9/26/2019 – Teck Resources had its price target lowered by analysts at BMO Capital Markets from C$41.00 to C$38.00.
  • 9/12/2019 – Teck Resources had its price target lowered by analysts at National Bank Financial from C$34.50 to C$31.50. They now have an “outperform” rating on the stock.
  • 9/6/2019 – Teck Resources had its price target lowered by analysts at CIBC from C$41.00 to C$39.00.

TECK.B stock opened at C$21.56 on Thursday. Teck Resources Ltd has a 1-year low of C$19.64 and a 1-year high of C$34.31. The firm has a market cap of $11.87 billion and a P/E ratio of 4.82. The business’s 50 day moving average is C$22.39 and its 200-day moving average is C$26.95. The company has a current ratio of 2.47, a quick ratio of 1.46 and a debt-to-equity ratio of 24.04.

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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