Brokerages Set Teck Resources Ltd (TSE:TECK.B) Price Target at C$76.30

Shares of Teck Resources Ltd (TSE:TECK.B - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twelve analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating 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$76.30.

Several research analysts recently issued reports on TECK.B shares. JPMorgan Chase & Co. reduced their target price on shares of Teck Resources from C$78.00 to C$76.00 in a report on Friday, October 25th. Royal Bank of Canada reduced their price objective on Teck Resources from C$88.00 to C$85.00 and set an "outperform" rating for the company in a research note on Tuesday, September 10th. Raymond James upped their target price on Teck Resources from C$74.00 to C$75.00 in a research note on Wednesday, November 6th. Canaccord Genuity Group reduced their price target on Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Finally, Citigroup upped their price objective 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.

Teck Resources Stock Performance

TECK.B stock traded up C$0.37 during midday trading on Wednesday, reaching C$58.28. The stock had a trading volume of 579,712 shares, compared to its average volume of 1,156,190. The firm has a fifty day simple moving average of C$63.89 and a two-hundred day simple moving average of C$65.08. Teck Resources has a 52-week low of C$49.30 and a 52-week high of C$74.37. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The stock has a market cap of C$29.84 billion, a PE ratio of 20.89, a P/E/G ratio of -0.38 and a beta of 1.37.

About Teck Resources

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.