Brokerages Set Teck Resources Ltd (TSE:TECK.B) Price Target at C$76.30

Teck Resources Ltd (TSE:TECK.B) has been given a consensus rating of “Moderate Buy” by the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$75.30.

TECK.B has been the topic of a number of analyst reports. Scotiabank raised their price target on Teck Resources from C$74.00 to C$75.00 in a research note on Wednesday, November 6th. Raymond James increased their price target on shares of Teck Resources from C$74.00 to C$75.00 in a research note on Wednesday, November 6th. CIBC lowered their target price on shares of Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price target on shares of Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. Finally, Royal Bank of Canada decreased their price objective on shares of Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th.

Teck Resources Trading Down 0.5 %

Shares of TSE:TECK.B opened at C$59.12 on Wednesday. The company has a market cap of C$30.27 billion, a PE ratio of 21.19, a P/E/G ratio of -0.38 and a beta of 1.37. The company’s 50 day moving average is C$63.17 and its two-hundred day moving average is C$64.90. Teck Resources has a 52 week low of C$49.30 and a 52 week high of C$74.37. 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.