Teck Resources Ltd (TSE:TECK.B) Given Average Rating of "Moderate Buy" by Brokerages

Teck Resources Ltd (TSE:TECK.B - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$76.29.

TECK.B has been the subject of several analyst reports. National Bankshares lowered their price target on shares of Teck Resources from C$77.50 to C$75.00 and set a "sector perform" rating for the company in a report on Thursday, January 30th. Jefferies Financial Group lowered their price target on shares of Teck Resources from C$80.00 to C$70.00 in a report on Monday, January 6th. Canaccord Genuity Group lowered their price target on shares of Teck Resources from C$73.00 to C$71.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Citigroup reduced their price objective on shares of Teck Resources from C$74.00 to C$68.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Finally, Scotiabank reduced their price objective on shares of Teck Resources from C$75.00 to C$73.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th.

Teck Resources Trading Down 0.7 %

TSE TECK.B traded down C$0.40 during trading hours on Monday, reaching C$60.63. The company's stock had a trading volume of 375,256 shares, compared to its average volume of 1,074,454. The firm has a fifty day simple moving average of C$60.01 and a 200-day simple moving average of C$62.98. The stock has a market cap of C$31.04 billion, a P/E ratio of 21.73, a P/E/G ratio of -0.38 and a beta of 1.37. Teck Resources has a 52 week low of C$52.83 and a 52 week high of C$74.37. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97.

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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.