Analysts Set Teck Resources Ltd (TSE:TECK.B) Target Price at C$71.13

Shares of Teck Resources Ltd (TSE:TECK.B) have earned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$71.13.

A number of analysts have recently weighed in on the stock. National Bankshares upgraded shares of Teck Resources from a “sector perform” rating to an “outperform” rating and set a C$70.00 target price on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on shares of Teck Resources from C$72.00 to C$58.00 in a report on Thursday, April 10th. UBS Group reduced their target price on shares of Teck Resources from C$67.00 to C$55.00 in a report on Wednesday, April 23rd. Desjardins reduced their target price on shares of Teck Resources from C$74.00 to C$72.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Citigroup reduced their target price on shares of Teck Resources from C$68.00 to C$55.00 and set a “neutral” rating on the stock in a report on Monday, June 9th.

Teck Resources Stock Down 1.9%

Shares of TECK.B stock opened at C$55.55 on Wednesday. The stock has a market cap of C$28.44 billion, a P/E ratio of 19.91, a PEG ratio of -0.38 and a beta of 1.37. Teck Resources has a 52 week low of C$40.23 and a 52 week high of C$72.92. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The company’s fifty day simple moving average is C$50.85 and its two-hundred day simple moving average is C$55.16.

About Teck Resources

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.