Analysts Set Teck Resources Ltd (TSE:TECK.B) PT at C$76.29

Teck Resources Ltd (TSE:TECK.B) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$76.29.

A number of analysts have commented on the stock. Citigroup reduced their target price on shares of Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. National Bankshares reduced their target price on shares of Teck Resources from C$77.50 to C$75.00 and set a “sector perform” rating for the company in a report on Thursday, January 30th. Raymond James upped their target price on shares of Teck Resources from C$70.00 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Canaccord Genuity Group reduced their price objective on shares of Teck Resources from C$73.00 to C$71.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Finally, Jefferies Financial Group reduced their price objective on shares of Teck Resources from C$80.00 to C$70.00 in a research note on Monday, January 6th.

Teck Resources Stock Down 0.4 %

Shares of TECK.B stock opened at C$58.29 on Thursday. Teck Resources has a 12 month low of C$50.65 and a 12 month high of C$74.37. The stock has a market cap of C$29.84 billion, a P/E ratio of 20.89, a P/E/G ratio of -0.38 and a beta of 1.37. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The company has a 50 day simple moving average of C$60.22 and a two-hundred day simple moving average of C$63.71.

Teck Resources Company Profile

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.