Teck Resources Ltd (TSE:TECK.B) Receives C$77.00 Consensus PT from Analysts

Teck Resources Ltd (TSE:TECK.B) has been assigned an average rating of “Buy” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$77.00.

A number of equities analysts recently issued reports on TECK.B shares. JPMorgan Chase & Co. dropped their price objective on shares of Teck Resources from C$76.00 to C$74.00 in a report on Thursday, July 25th. Canaccord Genuity Group dropped their price target on shares of Teck Resources from C$80.00 to C$76.00 in a research note on Monday, July 22nd. 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. CIBC set a C$80.00 target price on Teck Resources and gave the company an “outperform” rating in a research report on Friday, July 12th. Finally, Scotiabank reduced their price target on Teck Resources from C$85.00 to C$84.00 in a research report on Thursday, July 25th.

Teck Resources Stock Up 3.0 %

Shares of Teck Resources stock opened at C$61.65 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.49 and a debt-to-equity ratio of 37.28. Teck Resources has a twelve month low of C$47.47 and a twelve month high of C$74.37. The company has a market cap of C$31.52 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of -0.38 and a beta of 1.42. The company’s 50 day moving average is C$65.87 and its 200 day moving average is C$62.56.

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.