Teck Resources Given Consensus Recommendation of “Hold” by Analysts (NYSE:TCK)
Shares of Teck Resources (NYSE:TCK) have received a consensus rating of “Hold” from the twenty-one brokerages that are presently covering the stock, Analyst Ratings.Net reports. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $29.42.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs downgraded shares of Teck Resources from a “neutral” rating to a “sell” rating in a research note on Tuesday, August 12th. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Teck Resources in a research note on Friday, July 25th. They now have a C$33.00 price target on the stock, up previously from C$31.00. Finally, analysts at National Bank Financial downgraded shares of Teck Resources to an “underperform” rating in a research note on Tuesday, July 22nd.
Teck Resources (NYSE:TCK) opened at 22.85 on Monday. Teck Resources has a 52-week low of $19.99 and a 52-week high of $30.02. The stock’s 50-day moving average is $23.71 and its 200-day moving average is $22.75. The company has a market cap of $13.166 billion and a P/E ratio of 22.56.
Teck Resources (NYSE:TCK) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.13 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.13. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the company posted $0.34 earnings per share. Teck Resources’s revenue was down 6.6% compared to the same quarter last year. Analysts expect that Teck Resources will post $0.86 EPS for the current fiscal year.
Teck Resources Limited (NYSE:TCK) is engaged in exploring for, developing and producing natural resources.
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