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

Shares of Teck Resources Ltd (TSE:TECK.B) have earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$77.13.

A number of brokerages have commented on TECK.B. Royal Bank of Canada cut 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. National Bankshares increased their price target on shares of Teck Resources from C$86.00 to C$90.00 in a report on Tuesday, October 15th. Citigroup increased their price target on shares of Teck Resources from C$64.00 to C$74.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Raymond James increased their price objective on shares of Teck Resources from C$74.00 to C$75.00 in a research note on Wednesday, November 6th. Finally, CIBC lowered their price objective on shares of Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th.

Teck Resources Trading Down 0.1 %

Shares of Teck Resources stock opened at C$63.64 on Friday. The company has a fifty day simple moving average of C$67.26 and a 200-day simple moving average of C$66.32. Teck Resources has a 12-month low of C$49.30 and a 12-month high of C$74.37. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The stock has a market cap of C$32.58 billion, a price-to-earnings ratio of 22.81, a PEG 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.