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

Teck Resources Ltd (TSE:TECK.B - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$77.50.

A number of equities analysts recently commented on TECK.B shares. Citigroup lifted their price target on shares of 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. Canaccord Genuity Group cut their target price on Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Jefferies Financial Group decreased their price target on Teck Resources from C$80.00 to C$70.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their price objective on Teck Resources from C$78.00 to C$76.00 in a research report on Friday, October 25th. Finally, CIBC cut their price target on shares of Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th.

Teck Resources Price Performance

Shares of Teck Resources stock traded down C$0.09 during trading hours on Friday, reaching C$62.20. The company's stock had a trading volume of 1,009,328 shares, compared to its average volume of 920,858. 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$49.45 and a one year high of C$74.37. The firm has a 50 day moving average price of C$61.93 and a 200-day moving average price of C$64.46. The stock has a market cap of C$31.85 billion, a P/E ratio of 22.29, a P/E/G ratio of -0.38 and a beta of 1.37.

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.