Teck Resources Ltd (TSE:TECK.B) Receives C$71.94 Consensus PT from Analysts

Teck Resources Ltd (TSE:TECK.B) has been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$71.94.

Several brokerages have recently weighed in on TECK.B. National Bankshares raised Teck Resources from a “sector perform” rating to an “outperform” rating and set a C$70.00 target price for the company in a research report on Friday, April 25th. UBS Group decreased their target price on Teck Resources from C$67.00 to C$55.00 in a research report on Wednesday, April 23rd. Desjardins decreased their target price on Teck Resources from C$74.00 to C$72.00 and set a “buy” rating for the company in a research report on Friday, April 25th. TD Securities decreased their target price on Teck Resources from C$73.00 to C$62.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, Royal Bank of Canada decreased their target price on Teck Resources from C$84.00 to C$82.00 and set an “outperform” rating for the company in a research report on Friday, April 25th.

Teck Resources Stock Performance

TSE TECK.B opened at C$50.62 on Friday. Teck Resources has a fifty-two week low of C$40.23 and a fifty-two week high of C$72.92. The stock has a market cap of C$25.92 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The business has a fifty day moving average of C$48.84 and a 200-day moving average of C$56.62. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46.

Teck Resources Company Profile

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck’s primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world’s second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner.