Teck Resources Ltd (TSE:TECK.B) Given Average Recommendation of “Moderate Buy” by Analysts

Teck Resources Ltd (TSE:TECK.B) has received a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$76.29.

Several research firms have recently commented on TECK.B. Raymond James upped their price target on shares of Teck Resources from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Canaccord Genuity Group reduced their target price on shares of Teck Resources from C$73.00 to C$71.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Jefferies Financial Group reduced their target price on shares of Teck Resources from C$80.00 to C$70.00 in a report on Monday, January 6th. 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. Finally, 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.

Teck Resources Price Performance

TSE TECK.B opened at C$59.49 on Monday. Teck Resources has a 52 week low of C$52.83 and a 52 week high of C$74.37. The firm has a market capitalization of C$30.46 billion, a P/E ratio of 21.32, a PEG 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. The company has a 50-day moving average price of C$59.98 and a 200-day moving average price of C$62.93.

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.