Brokerages Set Teck Resources Ltd (TSE:TECK.B) PT at C$77.00

Shares of Teck Resources Ltd (TSE:TECK.B) have earned a consensus rating of “Buy” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Eleven analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have covered the stock in the last year is C$77.00.

TECK.B has been the subject of a number of recent analyst reports. Bank of America dropped their price target on shares of Teck Resources from C$88.00 to C$87.00 in a research report on Friday, July 5th. BMO Capital Markets cut their target price on Teck Resources from C$80.00 to C$77.00 in a research report on Thursday, July 25th. National Bankshares upped their price target on Teck Resources from C$82.50 to C$86.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Canaccord Genuity Group dropped their price objective on Teck Resources from C$80.00 to C$76.00 in a research note on Monday, July 22nd. Finally, Jefferies Financial Group increased their target price on Teck Resources from C$80.00 to C$85.00 in a research note on Monday, July 8th.

Teck Resources Stock Up 3.0 %

Shares of TSE:TECK.B opened at C$61.65 on Friday. The company has a market capitalization of C$31.52 billion, a price-to-earnings ratio of 20.15, a PEG ratio of -0.38 and a beta of 1.42. Teck Resources has a 12-month low of C$47.47 and a 12-month high of C$74.37. The business has a 50-day moving average price of C$65.87 and a 200 day moving average price of C$62.56. The company has a current ratio of 1.49, a quick ratio of 0.97 and a debt-to-equity ratio of 37.28.

About Teck Resources

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.