Analysts Set Teck Resources Ltd (TSE:TECK.B) Price Target at C$74.64

Shares of Teck Resources Ltd (TSE:TECK.B) have been assigned an average recommendation of “Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$74.64.

A number of brokerages recently commented on TECK.B. Canaccord Genuity Group raised their price objective on shares of Teck Resources from C$75.00 to C$80.00 in a report on Monday, May 13th. Bank of America boosted their price target on Teck Resources from C$67.00 to C$88.00 in a report on Tuesday, April 9th. Raymond James upped their price objective on Teck Resources from C$70.00 to C$71.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Jefferies Financial Group lifted their target price on Teck Resources from C$75.00 to C$80.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, Scotiabank upped their price target on Teck Resources from C$75.00 to C$83.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th.

Teck Resources Price Performance

Shares of TECK.B stock opened at C$65.55 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.49 and a debt-to-equity ratio of 37.28. Teck Resources has a 12-month low of C$47.47 and a 12-month high of C$74.37. The firm has a fifty day moving average of C$68.11 and a 200-day moving average of C$59.46. The firm has a market capitalization of C$33.52 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of -0.38 and a beta of 1.42.

Teck Resources Company Profile

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.