Teck Resources Ltd (TSE:TECK.B - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$76.29.
Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. CIBC decreased their target price on Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Scotiabank dropped their price target on Teck Resources from C$75.00 to C$73.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Raymond James lifted their price objective on Teck Resources from C$70.00 to C$75.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Finally, National Bankshares cut their target price on shares of 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.
Check Out Our Latest Research Report on TECK.B
Teck Resources Stock Performance
Shares of TECK.B traded down C$2.96 on Thursday, reaching C$58.50. 1,159,039 shares of the company's stock traded hands, compared to its average volume of 959,771. The stock's 50 day simple moving average is C$60.27 and its two-hundred day simple moving average is C$63.74. The stock has a market cap of C$29.95 billion, a PE ratio of 20.97, a PEG ratio of -0.38 and a beta of 1.37. Teck Resources has a 52-week low of C$50.65 and a 52-week 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.
Teck Resources Company Profile
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Get Free ReportTeck 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.
Further Reading
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