Teck Resources Ltd (TSE:TECK.B – Get Free Report) has earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$77.50.
A number of equities analysts have weighed in on TECK.B shares. CIBC reduced their price target on Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Citigroup increased their target price 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. National Bankshares downgraded shares of Teck Resources from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$85.00 to C$77.50 in a research report on Tuesday, December 10th. Jefferies Financial Group cut their price target on shares of Teck Resources from C$80.00 to C$70.00 in a research report on Monday, January 6th. Finally, Canaccord Genuity Group decreased their price objective on Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th.
Read Our Latest Stock Report on TECK.B
Teck Resources Price Performance
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.
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