Analysts Set Teck Resources Ltd (TSE:TECK.B) Target Price at C$76.29

Shares of Teck Resources Ltd (TSE:TECK.B) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$76.29.

A number of analysts recently commented on TECK.B shares. Citigroup lowered their target price on shares of Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. National Bankshares lowered their target price on shares of Teck Resources from C$77.50 to C$75.00 and set a “sector perform” rating for the company in a research note on Thursday, January 30th. Jefferies Financial Group lowered their target price on shares of Teck Resources from C$80.00 to C$70.00 in a research note on Monday, January 6th. Canaccord Genuity Group lowered their target price on shares of Teck Resources from C$73.00 to C$71.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Finally, Raymond James lifted their target price on shares of Teck Resources from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th.

Teck Resources Stock Up 1.0 %

TECK.B stock opened at C$61.03 on Monday. The firm has a 50 day moving average of C$60.01 and a 200 day moving average of C$62.98. The stock has a market capitalization of C$31.25 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. Teck Resources has a 52 week low of C$52.83 and a 52 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.