Teck Resources Ltd (TSE:TECK.B) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Teck Resources Ltd (TSE:TECK.B) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$87.90.

A number of analysts have recently issued reports on TECK.B shares. Raymond James Financial raised their price objective on Teck Resources from C$93.00 to C$105.00 and gave the company an “outperform” rating in a research report on Wednesday, August 26th. National Bank Financial lifted their target price on Teck Resources from C$100.00 to C$105.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Finally, Canaccord Genuity Group decreased their target price on Teck Resources from C$84.00 to C$81.00 and set a “hold” rating on the stock in a report on Friday, July 24th.

Teck Resources Trading Down 2.1%

Teck Resources stock opened at C$91.44 on Tuesday. Teck Resources has a 52 week low of C$53.55 and a 52 week high of C$99.91. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The stock has a market capitalization of C$44.86 billion, a P/E ratio of 17.96, a PEG ratio of -0.38 and a beta of 1.99. The stock has a 50-day simple moving average of C$93.73 and a 200 day simple moving average of C$87.51.

Teck Resources Company Profile

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.