Teck Resources Ltd (TSE:TECK.B) Receives C$76.29 Average Price Target from Analysts

Teck Resources Ltd (TSE:TECK.B) has earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$76.29.

A number of equities research analysts recently issued reports on TECK.B shares. Citigroup decreased their price target on shares of Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Jefferies Financial Group cut their price objective on shares of Teck Resources from C$80.00 to C$70.00 in a research report on Monday, January 6th. Raymond James boosted their price objective on shares of Teck Resources from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Canaccord Genuity Group cut their price objective on shares of Teck Resources from C$73.00 to C$71.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Finally, Scotiabank cut their price objective on shares of Teck Resources from C$75.00 to C$73.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th.

Teck Resources Price Performance

Teck Resources stock opened at C$61.03 on Monday. The company has a market cap of C$31.25 billion, a price-to-earnings ratio of 21.87, a PEG ratio of -0.38 and a beta of 1.37. The firm’s fifty day moving average is C$60.01 and its 200 day moving average is C$62.98. 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 52-week low of C$52.83 and a 52-week high of C$74.37.

Teck Resources Company Profile

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.