Shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) have been assigned a consensus recommendation of “Buy” from the twenty analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seventeen have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $29.64.

Several analysts recently issued reports on TECK shares. BidaskClub lowered shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 15th. MKM Partners restated a “buy” rating and set a $40.00 target price on shares of Teck Resources in a research report on Tuesday, September 12th. ValuEngine lowered shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 6th. Deutsche Bank reaffirmed a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of Teck Resources in a report on Monday, September 25th. Finally, Bank of America lifted their price target on shares of Teck Resources from $27.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, October 4th.

Large investors have recently modified their holdings of the business. Capital Analysts LLC purchased a new position in shares of Teck Resources in the second quarter worth $100,000. PNC Financial Services Group Inc. purchased a new position in shares of Teck Resources in the second quarter worth $124,000. Tower Research Capital LLC TRC purchased a new position in shares of Teck Resources in the second quarter worth $164,000. Investment Centers of America Inc. purchased a new position in shares of Teck Resources in the second quarter worth $194,000. Finally, Private Advisor Group LLC purchased a new position in shares of Teck Resources in the third quarter worth $200,000. 54.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of Teck Resources (NYSE:TECK) opened at $23.82 on Monday. The company has a current ratio of 2.17, a quick ratio of 1.42 and a debt-to-equity ratio of 0.32. The stock has a market cap of $13,589.31, a P/E ratio of 6.47, a P/E/G ratio of 1.01 and a beta of 1.31. Teck Resources has a 12-month low of $14.56 and a 12-month high of $26.45.

The company also recently declared a special dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.3141 per share. This represents a yield of 0.72%. The ex-dividend date of this dividend is Thursday, December 14th. Teck Resources’s dividend payout ratio is currently 5.06%.

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About Teck Resources

Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.

Analyst Recommendations for Teck Resources (NYSE:TECK)

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