Teck Resources Ltd (TSE:TECK.B) Receives C$76.75 Consensus Price Target from Analysts

Shares of Teck Resources Ltd (TSE:TECK.B) have earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$77.13.

Several research firms recently commented on TECK.B. Citigroup raised their target price on Teck Resources from C$64.00 to C$74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. reduced their target price on shares of Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. National Bankshares upped their target price on shares of Teck Resources from C$86.00 to C$90.00 in a report on Tuesday, October 15th. Raymond James lifted their price target on shares of Teck Resources from C$74.00 to C$75.00 in a report on Wednesday, November 6th. Finally, BMO Capital Markets cut their target price on shares of Teck Resources from C$80.00 to C$77.00 in a research note on Thursday, July 25th.

Teck Resources Stock Performance

The firm has a market capitalization of C$32.68 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. Teck Resources has a 12 month low of C$47.61 and a 12 month high of C$74.37. The company has a 50 day moving average price of C$66.68 and a two-hundred day moving average price of C$66.74. 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 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.