Teck Resources Ltd (TSE:TECK.B) Given Consensus Recommendation of “Buy” by Analysts

Teck Resources Ltd (TSE:TECK.B) has been given an average recommendation of “Buy” by the twelve ratings firms that are covering the company, MarketBeat reports. Twelve research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$76.40.

A number of brokerages recently commented on TECK.B. National Bankshares lifted their price objective on Teck Resources from C$82.50 to C$86.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Raymond James reduced their target price on Teck Resources from C$71.00 to C$70.00 in a research report on Thursday, July 25th. Canaccord Genuity Group reduced their target price on Teck Resources from C$80.00 to C$76.00 in a research report on Monday, July 22nd. Jefferies Financial Group lifted their target price on Teck Resources from C$80.00 to C$85.00 in a research report on Monday, July 8th. Finally, CIBC set a C$80.00 target price on Teck Resources and gave the company an “outperform” rating in a research report on Friday, July 12th.

Teck Resources Stock Performance

Shares of Teck Resources stock opened at C$66.39 on Monday. Teck Resources has a one year low of C$47.47 and a one year high of C$74.37. The company has a market cap of C$33.99 billion, a price-to-earnings ratio of 23.80, a PEG ratio of -0.38 and a beta of 1.36. 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 business’s 50 day moving average price is C$64.05 and its 200 day moving average price is C$65.10.

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.