Teck Resources Ltd (TSE:TECK.B) Receives C$75.00 Average Price Target from Analysts

Shares of Teck Resources Ltd (TSE:TECK.B) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$73.71.

TECK.B has been the subject of several research analyst reports. Scotiabank decreased their price target on shares of Teck Resources from C$75.00 to C$73.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Canaccord Genuity Group dropped their price target on Teck Resources from C$73.00 to C$71.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. TD Securities decreased their price objective on Teck Resources from C$73.00 to C$62.00 and set a “buy” rating for the company in a report on Tuesday. Citigroup lowered their price objective on shares of Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Finally, National Bankshares cut their target price on shares of Teck Resources from C$77.50 to C$75.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 30th.

Teck Resources Stock Performance

Shares of TSE:TECK.B opened at C$47.28 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. Teck Resources has a 12 month low of C$40.23 and a 12 month high of C$74.37. The company has a market capitalization of C$24.21 billion, a price-to-earnings ratio of 16.95, a PEG ratio of -0.38 and a beta of 1.37. The firm’s 50-day moving average is C$55.68 and its 200 day moving average is C$61.11.

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.