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

Shares of Teck Resources Ltd (TSE:TECK.B) have been given an average rating of “Moderate Buy” by the nine research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$77.50.

Several research analysts have weighed in on the stock. Raymond James upped their price objective on shares of Teck Resources from C$74.00 to C$75.00 in a report on Wednesday, November 6th. Citigroup raised 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 research report on Wednesday, October 2nd. National Bankshares lowered Teck Resources from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$85.00 to C$77.50 in a report on Tuesday, December 10th. Canaccord Genuity Group dropped their target price on Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. Finally, CIBC decreased their price target on Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th.

Teck Resources Stock Performance

TSE:TECK.B opened at C$62.20 on Friday. The firm has a market capitalization of C$31.85 billion, a P/E ratio of 22.29, a P/E/G ratio of -0.38 and a beta of 1.37. Teck Resources has a twelve month low of C$49.45 and a twelve month high of C$74.37. The company has a fifty day moving average of C$61.93 and a 200-day moving average of C$64.49. 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 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.