Teck Resources Ltd (TSE:TECK.B) Given Average Rating of “Moderate Buy” by Analysts

Teck Resources Ltd (TSE:TECK.B) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a 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 C$76.29.

Several research analysts have weighed in on the stock. Canaccord Genuity Group decreased their price target on shares of Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Canaccord Genuity Group decreased their target price on Teck Resources from C$73.00 to C$71.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. CIBC cut their price target on Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. National Bankshares reduced their price target on Teck Resources from C$77.50 to C$75.00 and set a “sector perform” rating for the company in a research report on Thursday, January 30th. Finally, Raymond James lifted their price objective on Teck Resources from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th.

Teck Resources Price Performance

Shares of TECK.B opened at C$60.70 on Thursday. The firm has a market cap of C$31.08 billion, a PE ratio of 21.76, a P/E/G ratio of -0.38 and a beta of 1.37. Teck Resources has a 1-year low of C$50.53 and a 1-year 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 firm has a fifty day simple moving average of C$60.50 and a two-hundred day simple moving average of C$63.87.

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.