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

Teck Resources logo with Basic Materials background

Teck Resources Ltd (TSE:TECK.B - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$77.13.

TECK.B has been the subject of several analyst reports. Canaccord Genuity Group lowered their price objective on Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. CIBC lowered their price objective on Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Scotiabank increased their price objective on Teck Resources from C$74.00 to C$75.00 in a research note on Wednesday, November 6th. Finally, Citigroup increased their price objective on Teck Resources from C$64.00 to C$74.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd.

View Our Latest Analysis on Teck Resources

Teck Resources Trading Down 0.1 %

Shares of Teck Resources stock traded down C$0.05 on Friday, hitting C$63.64. 725,561 shares of the company's stock traded hands, compared to its average volume of 1,163,580. The company has a fifty day moving average of C$67.17 and a two-hundred day moving average of C$66.23. The company has a market capitalization of C$32.58 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. Teck Resources has a one year low of C$49.30 and a one year high of C$74.37.

Teck Resources Company Profile

(Get Free Report

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.

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Analyst Recommendations for Teck Resources (TSE:TECK.B)

Should you invest $1,000 in Teck Resources right now?

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