Teck Resources Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:TCK)
Shares of Teck Resources (NYSE:TCK) have earned an average rating of “Hold” from the twenty-three ratings firms that are covering the company, American Banking & Market News reports. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $28.56.
Teck Resources (NYSE:TCK) opened at 24.16 on Tuesday. 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 $22.65 and a 200-day moving average of $22.98. The company has a market cap of $13.923 billion and a P/E ratio of 21.14.
Teck Resources (NYSE:TCK) last announced its earnings results on Tuesday, April 22nd. The company reported $0.18 earnings per share (EPS) for the quarter, missing the 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.
TCK has been the subject of a number of recent research reports. Analysts at Bank of America downgraded shares of Teck Resources from a “neutral” rating to an “underperform” rating in a research note on Friday. They now have a $21.00 price target on the stock, down previously from $22.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Teck Resources in a research note on Monday, July 7th. They now have a $25.00 price target on the stock, down previously from $26.00. Finally, 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.
Teck Resources Limited (NYSE:TCK) is engaged in exploring for, developing and producing natural resources.
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