Teck Resources Ltd (TSE:TECK.B) Receives C$77.00 Average PT from Analysts

Teck Resources Ltd (TSE:TECK.B) has been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$77.00.

Several research analysts have recently weighed in on TECK.B shares. JPMorgan Chase & Co. boosted their price target on Teck Resources from C$74.00 to C$78.00 in a research note on Tuesday, October 15th. Raymond James boosted their target price on Teck Resources from C$71.00 to C$73.00 in a research report on Monday, September 30th. Eight Capital raised their price target on shares of Teck Resources from C$72.00 to C$75.00 in a report on Thursday, July 11th. CIBC set a C$80.00 price objective on shares of Teck Resources and gave the company an “outperform” rating in a report on Friday, July 12th. Finally, Citigroup raised their target price on shares of Teck Resources from C$64.00 to C$74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd.

Teck Resources Stock Performance

Shares of TECK.B stock opened at C$69.55 on Friday. The company’s 50-day moving average is C$66.25 and its 200 day moving average is C$66.59. Teck Resources has a one year low of C$47.47 and a one year high of C$74.37. 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 company has a market capitalization of C$35.61 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37.

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.