Shares of Teck Resources Limited (NYSE:TECK – Get Free Report) (TSE:TECK) have earned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $67.43.
TECK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Teck Resources from $54.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. BMO Capital Markets started coverage on shares of Teck Resources in a research note on Monday, July 15th. They issued an “outperform” rating for the company. Eight Capital lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 11th. StockNews.com raised Teck Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Teck Resources in a research note on Thursday, July 25th.
Get Our Latest Research Report on TECK
Institutional Investors Weigh In On Teck Resources
Teck Resources Trading Down 1.5 %
Shares of TECK stock opened at $49.70 on Tuesday. The firm has a fifty day moving average of $48.67 and a 200-day moving average of $48.71. The stock has a market cap of $25.39 billion, a price-to-earnings ratio of 21.99 and a beta of 1.02. Teck Resources has a 52-week low of $34.38 and a 52-week high of $55.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.48.
Teck Resources (NYSE:TECK – Get Free Report) (TSE:TECK) last posted its earnings results on Wednesday, July 24th. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.47 by $0.32. Teck Resources had a return on equity of 6.52% and a net margin of 9.40%. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the company earned $0.91 EPS. Teck Resources’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts forecast that Teck Resources will post 1.94 earnings per share for the current fiscal year.
About Teck Resources
Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.
Read More
- Five stocks we like better than Teck Resources
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Nuclear Power Reaches Critical Mass: Top Stocks to Watch Now
- Business Services Stocks Investing
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.