Analysts Set Teck Resources Ltd (TSE:TECK.B) Target Price at C$77.50

Teck Resources Ltd (TSE:TECK.B) has been given an average rating of “Moderate Buy” by the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$76.29.

TECK.B has been the topic of a number of research reports. Canaccord Genuity Group reduced their target price on shares of Teck Resources from C$73.00 to C$71.00 and set a “buy” rating on the stock in a report on Thursday. CIBC reduced their price objective on shares of Teck Resources from C$80.00 to C$78.00 in a research note on Friday, October 25th. Jefferies Financial Group decreased their price objective on Teck Resources from C$80.00 to C$70.00 in a report on Monday, January 6th. National Bankshares cut their target price on Teck Resources from C$77.50 to C$75.00 and set a “sector perform” rating on the stock in a report on Thursday. Finally, Citigroup decreased their price target on Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating for the company in a research note on Thursday.

Teck Resources Trading Down 1.7 %

TECK.B opened at C$59.37 on Friday. The company has a market cap of C$30.40 billion, a P/E ratio of 21.28, a PEG ratio of -0.38 and a beta of 1.37. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The company’s 50 day moving average is C$61.45 and its 200-day moving average is C$64.23. Teck Resources has a 1-year low of C$49.45 and a 1-year high of C$74.37.

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.