Teck Resources Ltd (TSE:TECK.B) Receives C$75.00 Consensus Price Target from Brokerages

Shares of Teck Resources Ltd (TSE:TECK.B - Get Free Report) have earned an average recommendation of "Moderate Buy" from the ten research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$73.71.

TECK.B has been the subject of several analyst reports. 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 note on Thursday, January 30th. 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. Citigroup cut their price objective on Teck Resources from C$74.00 to C$68.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. JPMorgan Chase & Co. decreased their target price on Teck Resources from C$72.00 to C$58.00 in a research report on Thursday, April 10th. Finally, Raymond James raised their price target on Teck Resources from C$70.00 to C$75.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th.

Teck Resources Stock Down 1.8 %

TECK.B stock traded down C$0.84 during midday trading on Friday, reaching C$46.44. The company had a trading volume of 123,068 shares, compared to its average volume of 1,273,683. The company has a 50 day moving average of C$55.68 and a two-hundred day moving average of C$61.11. The company has a market capitalization of C$23.78 billion, a P/E ratio of 16.65, a PEG ratio of -0.38 and a beta of 1.37. Teck Resources has a 1 year low of C$40.23 and a 1 year high of C$74.37. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46.

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.