Teck Resources Ltd (TSE:TECK.B) Given Average Rating of “Hold” by Analysts

Teck Resources Ltd (TSE:TECK.B) has been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$72.58.

Several equities analysts recently issued reports on the stock. National Bankshares upped their price objective on shares of Teck Resources from C$70.00 to C$80.00 in a research note on Thursday, January 29th. Scotiabank increased their price target on Teck Resources from C$60.00 to C$70.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 8th. Citigroup upgraded Teck Resources from a “neutral” rating to a “buy” rating and raised their price objective for the stock from C$76.00 to C$104.00 in a report on Monday. Jefferies Financial Group upped their target price on Teck Resources from C$71.00 to C$80.00 in a research note on Monday, January 12th. Finally, CIBC increased their target price on Teck Resources from C$61.00 to C$77.00 in a research report on Wednesday.

Teck Resources Price Performance

TSE:TECK.B opened at C$76.29 on Thursday. Teck Resources has a 12-month low of C$40.23 and a 12-month high of C$82.18. The firm has a market cap of C$37.24 billion, a price-to-earnings ratio of 30.64, a price-to-earnings-growth ratio of -0.38 and a beta of 2.06. The company’s 50-day moving average is C$67.03 and its two-hundred day moving average is C$58.32. The company has a current ratio of 1.48, a quick ratio of 0.97 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. It is building a major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, which will increase Teck’s attributable copper production by around 80%.