BMO Capital Markets Trims Teck Resources (TSE:TECK.B) Target Price to C$77.00

Teck Resources (TSE:TECK.B) had its target price trimmed by BMO Capital Markets from C$80.00 to C$77.00 in a research report sent to investors on Thursday, BayStreet.CA reports.

A number of other brokerages have also weighed in on TECK.B. Bank of America reduced their price target on Teck Resources from C$88.00 to C$87.00 in a research note on Friday, July 5th. CIBC set a C$80.00 price target on Teck Resources and gave the stock an outperform rating in a research note on Friday, July 12th. Royal Bank of Canada reduced their price target on Teck Resources from C$91.00 to C$88.00 in a research note on Thursday. National Bankshares increased their price target on Teck Resources from C$82.50 to C$86.00 and gave the stock an outperform rating in a research note on Monday, July 15th. Finally, Raymond James increased their price target on Teck Resources from C$70.00 to C$71.00 and gave the stock an outperform rating in a research note on Monday, April 29th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of Buy and an average target price of C$77.00.

Teck Resources Price Performance

TECK.B stock opened at C$65.63 on Thursday. Teck Resources has a 1 year low of C$47.47 and a 1 year high of C$74.37. The company has a debt-to-equity ratio of 37.28, a quick ratio of 0.97 and a current ratio of 1.49. The stock’s 50 day moving average price is C$67.17 and its 200 day moving average price is C$61.91. The firm has a market cap of C$33.56 billion, a P/E ratio of 21.45, a PEG ratio of -0.38 and a beta of 1.42.

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.