Teck Resources Ltd (TSE:TECK.B) Receives C$76.30 Average Target Price from Analysts

Shares of Teck Resources Ltd (TSE:TECK.B) have received an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$76.30.

A number of analysts have weighed in on TECK.B shares. JPMorgan Chase & Co. decreased their price target on Teck Resources from C$78.00 to C$76.00 in a report on Friday, October 25th. Royal Bank of Canada decreased their target price on 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. Scotiabank boosted their price target on Teck Resources from C$74.00 to C$75.00 in a research note on Wednesday, November 6th. Raymond James raised their price objective on shares of Teck Resources from C$74.00 to C$75.00 in a research report on Wednesday, November 6th. Finally, Citigroup lifted their price objective on shares of Teck Resources from C$64.00 to C$74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd.

Teck Resources Trading Up 0.5 %

TECK.B opened at C$59.21 on Wednesday. Teck Resources has a twelve month low of C$49.30 and a twelve month high of C$74.37. The company has a fifty day moving average of C$63.69 and a 200-day moving average of C$65.03. The stock has a market cap of C$30.32 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The company has a quick ratio of 0.97, a current ratio of 1.48 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.