Teck Resources Ltd (TSE:TECK.B) Receives Average Rating of “Buy” from Brokerages

Shares of Teck Resources Ltd (TSE:TECK.B) have received a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$76.40.

TECK.B has been the subject of several analyst reports. Jefferies Financial Group upped their price objective on Teck Resources from C$80.00 to C$85.00 in a research note on Monday, July 8th. Eight Capital increased their target price on Teck Resources from C$72.00 to C$75.00 in a research note on Thursday, July 11th. BMO Capital Markets cut their target price on Teck Resources from C$80.00 to C$77.00 in a research note on Thursday, July 25th. CIBC set a C$80.00 target price on Teck Resources and gave the stock an “outperform” rating in a research note on Friday, July 12th. Finally, Raymond James cut their target price on Teck Resources from C$71.00 to C$70.00 in a research note on Thursday, July 25th.

Teck Resources Stock Down 0.1 %

TECK.B opened at C$66.39 on Monday. The business has a 50 day moving average price of C$64.05 and a two-hundred day moving average price of C$65.10. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The company has a market cap of C$33.99 billion, a PE ratio of 23.80, a P/E/G ratio of -0.38 and a beta of 1.36. Teck Resources has a 52 week low of C$47.47 and a 52 week high of C$74.37.

Teck Resources Company Profile

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.