Teck Resources Ltd (TSE:TECK.B) Receives C$76.75 Average Target Price from Analysts

Shares of Teck Resources Ltd (TSE:TECK.B) have been given an average rating of “Moderate Buy” by the twelve brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$77.13.

Several research analysts have weighed in on TECK.B shares. JPMorgan Chase & Co. cut their price target on Teck Resources from C$78.00 to C$76.00 in a report on Friday, October 25th. CIBC dropped their target price on Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Citigroup raised their price target 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. Royal Bank of Canada dropped their price objective on shares of Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Finally, Scotiabank raised their target price on shares of Teck Resources from C$74.00 to C$75.00 in a research report on Wednesday, November 6th.

Teck Resources Stock Performance

TSE:TECK.B opened at C$63.40 on Tuesday. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The firm has a market cap of C$32.46 billion, a PE ratio of 22.72, a P/E/G ratio of -0.38 and a beta of 1.37. The firm has a 50 day simple moving average of C$66.80 and a 200-day simple moving average of C$66.68. Teck Resources has a 1-year low of C$47.61 and a 1-year high of C$74.37.

About Teck Resources

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.