Teck Resources (TSE:TECK.B) Sets New 12-Month Low – Should You Sell?

Teck Resources Ltd (TSE:TECK.B)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$40.28 and last traded at C$41.50, with a volume of 208899 shares traded. The stock had previously closed at C$42.61.

Wall Street Analyst Weigh In

TECK.B has been the topic of a number of research analyst reports. Scotiabank lowered their price target on Teck Resources from C$75.00 to C$73.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. National Bankshares lowered their target price on shares of Teck Resources from C$77.50 to C$75.00 and set a “sector perform” rating on the stock in a report on Thursday, January 30th. Citigroup cut their target price on shares of Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Raymond James boosted their price target on shares of Teck Resources from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Canaccord Genuity Group cut their price objective on Teck Resources from C$73.00 to C$71.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Teck Resources presently has a consensus rating of “Moderate Buy” and an average price target of C$76.29.

Teck Resources Trading Up 1.5 %

The firm has a market cap of C$22.14 billion, a PE ratio of 15.50, a P/E/G ratio of -0.38 and a beta of 1.37. The company’s 50 day moving average price is C$58.35 and its two-hundred day moving average price is C$62.40. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46.

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.