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

Teck Resources Ltd (TSE:TECK.B) has earned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$77.13.

A number of analysts have recently issued reports on the stock. CIBC reduced their price target on shares of Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. National Bankshares increased their price objective on Teck Resources from C$86.00 to C$90.00 in a research report on Tuesday, October 15th. Citigroup increased their price objective on Teck Resources from C$64.00 to C$74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada reduced their target price on 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. Finally, Canaccord Genuity Group cut their price objective on Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th.

Teck Resources Price Performance

TECK.B stock opened at C$63.64 on Friday. 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 one year low of C$49.30 and a one year high of C$74.37. The firm has a market capitalization of C$32.58 billion, a PE ratio of 22.81, a P/E/G ratio of -0.38 and a beta of 1.37. The firm has a 50-day moving average of C$67.26 and a two-hundred day moving average of C$66.32.

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.