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

Teck Resources Ltd (TSE:TECK.B - Get Free Report) has earned a consensus rating of "Moderate Buy" from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$76.75.

Several analysts have issued reports on the company. Raymond James boosted their price objective on Teck Resources from C$74.00 to C$75.00 in a report on Wednesday, November 6th. Canaccord Genuity Group lowered their price objective on shares of Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their target price on shares of Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. Royal Bank of Canada decreased their target price on Teck Resources from C$88.00 to C$85.00 and set an "outperform" rating for the company in a research report on Tuesday, September 10th. Finally, National Bankshares upped their price target on Teck Resources from C$86.00 to C$90.00 in a research report on Tuesday, October 15th.

Teck Resources Price Performance

Shares of TECK.B stock traded down C$2.55 during mid-day trading on Tuesday, hitting C$63.74. 558,345 shares of the stock traded hands, compared to its average volume of 1,178,345. Teck Resources has a twelve month low of C$47.61 and a twelve month 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 company's 50-day simple moving average is C$66.63 and its 200-day simple moving average is C$66.75. The firm has a market cap of C$32.63 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37.

About Teck Resources

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.