Teck Resources Ltd. (TSE:TCK) Given Average Recommendation of “Buy” by Analysts

Shares of Teck Resources Ltd. (TSE:TCK) have been given an average recommendation of “Buy” by the five research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a strong buy recommendation on the company.

Several analysts have commented on TCK shares. TD Securities raised shares of Teck Resources to a “strong-buy” rating in a research report on Tuesday, July 16th. Citigroup upgraded Teck Resources to a “hold” rating in a report on Wednesday, October 2nd. Paradigm Capital raised Teck Resources to a “moderate buy” rating in a report on Friday, July 26th. Eight Capital lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 11th. Finally, UBS Group upgraded Teck Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th.

Teck Resources Price Performance

Teck Resources (TSE:TCK) last announced its quarterly earnings results on Wednesday, July 24th. The company reported C$0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.64 by C$0.15. The firm had revenue of C$3.87 billion for the quarter, compared to analyst estimates of C$3.98 billion.