Teck Resources Ltd (TSE:TECK.B) Receives Average Rating of “Moderate Buy” from Analysts

Teck Resources Ltd (TSE:TECK.B) has been assigned an average rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$64.35.

TECK.B has been the topic of a number of recent research reports. Scotiabank decreased their price target on shares of Teck Resources from C$57.00 to C$55.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. JPMorgan Chase & Co. downgraded shares of Teck Resources from an “overweight” rating to a “neutral” rating and decreased their price target for the company from C$63.00 to C$56.00 in a research note on Friday, July 25th. National Bankshares decreased their price target on shares of Teck Resources from C$66.00 to C$62.50 in a research note on Friday, July 25th. Desjardins downgraded shares of Teck Resources from a “buy” rating to a “hold” rating and decreased their price target for the company from C$72.00 to C$58.00 in a research note on Friday, July 18th. Finally, TD Securities upped their price target on shares of Teck Resources from C$60.00 to C$63.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th.

Teck Resources Price Performance

Shares of TSE:TECK.B opened at C$60.54 on Friday. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The firm has a fifty day moving average price of C$49.47 and a 200 day moving average price of C$50.68. Teck Resources has a fifty-two week low of C$40.23 and a fifty-two week high of C$71.11. The firm has a market cap of C$29.54 billion, a price-to-earnings ratio of 104.38, a P/E/G ratio of -0.38 and a beta of 1.60.

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.