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

Shares of Teck Resources Ltd (TSE:TECK.B) have received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$77.50.

A number of analysts have recently issued reports on TECK.B shares. Citigroup increased their price objective on shares of 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. JPMorgan Chase & Co. cut their price target on Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. CIBC lowered their price objective on Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Scotiabank increased their target price on Teck Resources from C$74.00 to C$75.00 in a research report on Wednesday, November 6th. Finally, National Bankshares cut Teck Resources from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$85.00 to C$77.50 in a report on Tuesday, December 10th.

Teck Resources Trading Down 0.1 %

Teck Resources stock opened at C$62.20 on Friday. Teck Resources has a 12-month low of C$49.45 and a 12-month high of C$74.37. The firm has a market capitalization of C$31.85 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of -0.38 and a beta of 1.37. The firm has a 50 day moving average of C$61.93 and a 200 day moving average of C$64.49. 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.