Analysts Set Teck Resources Ltd (TSE:TECK.B) PT at C$76.40

Teck Resources Ltd (TSE:TECK.B) has earned a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$76.40.

Several research firms have weighed in on TECK.B. National Bankshares raised their price target on Teck Resources from C$82.50 to C$86.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Scotiabank dropped their price objective on Teck Resources from C$84.00 to C$78.00 in a research report on Monday, August 19th. Bank of America reduced their target price on shares of Teck Resources from C$88.00 to C$87.00 in a report on Friday, July 5th. Raymond James lowered their price target on shares of Teck Resources from C$71.00 to C$70.00 in a report on Thursday, July 25th. Finally, Jefferies Financial Group boosted their price objective on shares of Teck Resources from C$80.00 to C$85.00 in a research report on Monday, July 8th.

Teck Resources Trading Down 1.5 %

Shares of TECK.B opened at C$70.89 on Monday. 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$47.47 and a 1-year high of C$74.37. The stock has a market cap of C$36.30 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of -0.38 and a beta of 1.36. The firm has a 50 day simple moving average of C$64.11 and a 200-day simple moving average of C$65.42.

About Teck Resources

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.