Teck Resources Ltd (TSE:TECK.B) Receives C$85.36 Consensus Price Target from Brokerages

Shares of Teck Resources Ltd (TSE:TECK.B) have been assigned an average rating of “Hold” from the eight analysts that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$85.36.

A number of analysts recently commented on the stock. Scotiabank boosted their price objective on shares of Teck Resources from C$80.00 to C$85.00 and gave the stock a “sector perform” rating in a report on Monday, June 15th. National Bank Financial raised their price objective on Teck Resources from C$100.00 to C$105.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Canaccord Genuity Group dropped their price objective on Teck Resources from C$84.00 to C$81.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Finally, Raymond James Financial lifted their price objective on Teck Resources from C$93.00 to C$105.00 and gave the stock an “outperform” rating in a report on Wednesday, August 26th.

Teck Resources Price Performance

Teck Resources stock opened at C$91.70 on Friday. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. Teck Resources has a 1-year low of C$52.70 and a 1-year high of C$99.91. The company has a market cap of C$44.99 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of -0.38 and a beta of 1.84. The stock’s 50 day moving average price is C$89.71 and its 200 day moving average price is C$84.10.

About Teck Resources

Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.