Teck Resources Ltd (TSE:TECK.B) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Teck Resources Ltd (TSE:TECK.B) have earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$76.75.

Several research analysts have commented on the company. TD Securities raised their price objective on Teck Resources from C$78.00 to C$80.00 in a research report on Tuesday, July 16th. Citigroup raised their target price on Teck Resources from C$64.00 to C$74.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Royal Bank of Canada lowered their price objective on shares of Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. JPMorgan Chase & Co. dropped their price objective on shares of Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. Finally, Canaccord Genuity Group decreased their target price on shares of Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th.

Teck Resources Stock Performance

Shares of TECK.B stock opened at C$66.29 on Tuesday. The company’s fifty day simple moving average is C$66.59 and its 200-day simple moving average is C$66.73. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. Teck Resources has a 52 week low of C$47.61 and a 52 week high of C$74.37. The company has a market cap of C$33.94 billion, a PE ratio of 23.76, a P/E/G ratio of -0.38 and a beta of 1.37.

About Teck Resources

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.