Teck Resources (TSE:TECK.B) Given New C$71.00 Price Target at Jefferies Financial Group

Teck Resources (TSE:TECK.B) had its price target decreased by equities researchers at Jefferies Financial Group from C$80.00 to C$71.00 in a report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s target price indicates a potential upside of 15.05% from the company’s current price.

Other research analysts also recently issued research reports about the company. Citigroup boosted their target price on Teck Resources from C$55.00 to C$60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their price objective on shares of Teck Resources from C$60.00 to C$65.00 in a research note on Tuesday, October 21st. TD Securities upped their price objective on shares of Teck Resources from C$63.00 to C$70.00 in a report on Tuesday, October 21st. Raymond James Financial cut their target price on Teck Resources from C$64.00 to C$63.00 in a report on Friday, October 10th. Finally, Scotiabank reduced their price target on Teck Resources from C$65.00 to C$60.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 25th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Teck Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of C$63.54.

Teck Resources Stock Down 1.0%

Shares of Teck Resources stock traded down C$0.65 on Monday, hitting C$61.71. 315,213 shares of the company traded hands, compared to its average volume of 1,416,267. The company has a 50-day moving average price of C$59.63 and a 200 day moving average price of C$53.75. 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$40.23 and a 12-month high of C$67.55. The company has a market cap of C$30.13 billion, a PE ratio of 24.78, a PEG ratio of -0.38 and a beta of 1.80.

About Teck Resources

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.