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

Shares of Teck Resources Ltd (TSE:TECK.B) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$75.50.

Several brokerages have recently issued reports on TECK.B. Raymond James Financial upped their price target on Teck Resources from C$70.00 to C$77.00 in a research note on Monday, February 9th. TD Securities boosted their price objective on Teck Resources from C$76.00 to C$82.00 and gave the stock a “hold” rating in a report on Monday, February 23rd. Jefferies Financial Group upped their target price on shares of Teck Resources from C$71.00 to C$80.00 in a research report on Monday, January 12th. Scotiabank reduced their target price on shares of Teck Resources from C$80.00 to C$70.00 in a research note on Monday. Finally, Desjardins lifted their price target on shares of Teck Resources from C$65.00 to C$74.00 and gave the stock a “hold” rating in a research report on Monday, January 26th.

Teck Resources Stock Down 3.5%

TSE TECK.B opened at C$67.25 on Friday. The stock has a market capitalization of C$32.89 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of -0.38 and a beta of 1.92. Teck Resources has a 52 week low of C$40.23 and a 52 week high of C$85.42. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The stock has a fifty day moving average of C$74.50 and a 200-day moving average of C$65.40.

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%.