Teck Resources Receives Average Rating of “Hold” from Brokerages (NYSE:TCK)
Shares of Teck Resources (NYSE:TCK) have been given a consensus recommendation of “Hold” by the twenty-three ratings firms that are covering the company, StockRatingsNetwork reports. One investment analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $29.10.
Shares of Teck Resources (NYSE:TCK) traded down 1.02% on Tuesday, hitting $24.30. The stock had a trading volume of 1,172,270 shares. Teck Resources has a 52 week low of $19.99 and a 52 week high of $30.02. The stock has a 50-day moving average of $22.4 and a 200-day moving average of $22.97. The company has a market cap of $14.004 billion and a P/E ratio of 21.27.
Teck Resources (NYSE:TCK) last released its earnings data on Tuesday, April 22nd. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.06. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.10 billion. On average, analysts predict that Teck Resources will post $0.96 earnings per share for the current fiscal year.
A number of research firms have recently commented on TCK. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Teck Resources in a research note on Monday. They now have a $25.00 price target on the stock, down previously from $26.00. Separately, analysts at Paradigm Capital cut their price target on shares of Teck Resources from $42.50 to $40.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Teck Resources in a research note on Wednesday, April 23rd.
Teck Resources Limited (NYSE:TCK) is engaged in exploring for, developing and producing natural resources.
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