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

Teck Resources Ltd (TSE:TECK.B) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$76.30.

A number of research analysts have recently weighed in on TECK.B shares. Scotiabank raised their target price on Teck Resources from C$74.00 to C$75.00 in a report on Wednesday, November 6th. Canaccord Genuity Group dropped their price objective on Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. CIBC reduced their target price on shares of Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Royal Bank of Canada dropped their price target on shares of Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Finally, Citigroup boosted their price target on shares of Teck Resources from C$64.00 to C$74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd.

Teck Resources Price Performance

Shares of TSE TECK.B opened at C$58.28 on Wednesday. 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’s 50-day simple moving average is C$64.12 and its 200 day simple moving average is C$65.13. The stock has a market cap of C$29.84 billion, a price-to-earnings ratio of 20.89, a PEG ratio of -0.38 and a beta of 1.37. Teck Resources has a fifty-two week low of C$49.30 and a fifty-two 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.