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

Shares of Teck Resources Ltd (TSE:TECK.B) have been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$75.30.

A number of equities analysts have recently issued reports on the company. Scotiabank upped their price target on Teck Resources from C$74.00 to C$75.00 in a research report on Wednesday, November 6th. CIBC reduced their target price on Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Canaccord Genuity Group lowered their price target on Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. Jefferies Financial Group cut their price target on shares of Teck Resources from C$80.00 to C$70.00 in a research note on Monday. Finally, Raymond James raised their target price on Teck Resources from C$74.00 to C$75.00 in a research note on Wednesday, November 6th.

Teck Resources Stock Down 0.5 %

Teck Resources stock opened at C$59.12 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The firm has a market cap of C$30.27 billion, a P/E ratio of 21.19, a P/E/G ratio of -0.38 and a beta of 1.37. The business has a fifty day moving average of C$63.17 and a two-hundred day moving average of C$64.90. Teck Resources has a twelve month low of C$49.30 and a twelve month high of C$74.37.

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.