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

Teck Resources Ltd (TSE:TECK.B) has earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$76.33.

A number of analysts have issued reports on the company. Scotiabank lifted their price objective on Teck Resources from C$75.00 to C$80.00 in a research note on Tuesday, February 24th. Raymond James Financial lifted their price objective on shares of Teck Resources from C$70.00 to C$77.00 in a research note on Monday, February 9th. Canadian Imperial Bank of Commerce raised their price target on Teck Resources from C$61.00 to C$77.00 in a research note on Wednesday, February 4th. Desjardins upped their price objective on Teck Resources from C$65.00 to C$74.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Finally, Jefferies Financial Group lifted their price objective on shares of Teck Resources from C$71.00 to C$80.00 in a report on Monday, January 12th.

Teck Resources Trading Down 4.0%

TECK.B stock opened at C$80.11 on Monday. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The business has a 50 day simple moving average of C$73.53 and a two-hundred day simple moving average of C$62.44. Teck Resources has a 1-year low of C$40.23 and a 1-year high of C$85.42. The company has a market capitalization of C$39.11 billion, a price-to-earnings ratio of 32.17, a PEG ratio of -0.38 and a beta of 2.06.

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. 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%.