Analysts Set Teck Resources Ltd (TSE:TECK.B) PT at C$72.58

Teck Resources Ltd (TSE:TECK.B) has been given an average rating of “Hold” by the nine ratings firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$73.75.

A number of research firms recently commented on TECK.B. Desjardins boosted their price target on Teck Resources from C$65.00 to C$74.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Stifel Nicolaus upped their price target on shares of Teck Resources from C$60.00 to C$65.00 in a report on Tuesday, October 21st. Citigroup raised Teck Resources from a “neutral” rating to a “buy” rating and upped their price objective for the company from C$76.00 to C$104.00 in a research note on Monday, February 2nd. Jefferies Financial Group increased their price objective on Teck Resources from C$71.00 to C$80.00 in a report on Monday, January 12th. Finally, TD Securities downgraded shares of Teck Resources from a “buy” rating to a “hold” rating and increased their target price for the company from C$70.00 to C$76.00 in a research report on Thursday, January 22nd.

Teck Resources Price Performance

Teck Resources stock opened at C$78.52 on Thursday. The stock’s 50 day moving average is C$67.96 and its 200-day moving average is C$58.88. The company has a market capitalization of C$38.34 billion, a price-to-earnings ratio of 31.53, a PEG ratio of -0.38 and a beta of 2.06. Teck Resources has a 12 month low of C$40.23 and a 12 month high of C$82.18. 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. 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%.