Teck Resources Ltd (TSE:TECK.B) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Teck Resources Ltd (TSE:TECK.B) have received an average rating of “Buy” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$75.67.

Several analysts have recently issued reports on the company. Scotiabank upped their price objective on Teck Resources from C$75.00 to C$83.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Jefferies Financial Group increased their price target on shares of Teck Resources from C$80.00 to C$85.00 in a report on Monday, July 8th. Raymond James increased their price target on Teck Resources from C$70.00 to C$71.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Canaccord Genuity Group increased their price objective on shares of Teck Resources from C$75.00 to C$80.00 in a research report on Monday, May 13th. Finally, CIBC set a C$80.00 target price on Teck Resources and gave the company an “outperform” rating in a research report on Friday.

Teck Resources Trading Up 2.6 %

Shares of TECK.B stock opened at C$69.23 on Wednesday. Teck Resources has a 1 year low of C$47.47 and a 1 year high of C$74.37. The firm has a fifty day moving average price of C$68.28 and a 200-day moving average price of C$61.18. The company has a market cap of C$35.40 billion, a price-to-earnings ratio of 22.62, a PEG ratio of -0.38 and a beta of 1.42. The company has a debt-to-equity ratio of 37.28, a current ratio of 1.49 and a quick ratio of 0.97.

Teck Resources Company Profile

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.