Teck Resources Ltd (TECK.B) Given Consensus Rating of “Buy” by Analysts

Shares of Teck Resources Ltd (TSE:TECK.B) have earned an average rating of “Buy” from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is C$37.07.

Several research firms have commented on TECK.B. Berenberg Bank decreased their target price on shares of Teck Resources from C$36.00 to C$35.00 in a research report on Friday, October 27th. JPMorgan Chase & Co. decreased their target price on shares of Teck Resources from C$41.00 to C$39.00 in a research report on Tuesday, October 17th. BMO Capital Markets upped their target price on shares of Teck Resources from C$41.00 to C$42.00 in a research report on Tuesday, September 26th. Eight Capital decreased their target price on shares of Teck Resources from C$37.00 to C$36.00 in a research report on Friday, October 27th. Finally, TD Securities decreased their target price on shares of Teck Resources from C$41.00 to C$38.00 and set a “buy” rating for the company in a research report on Friday, October 27th.

Shares of Teck Resources (TECK.B) traded up C$1.13 during trading on Monday, hitting C$35.06. The company had a trading volume of 1,380,000 shares, compared to its average volume of 1,800,000. The firm has a market cap of $20,270.00, a P/E ratio of 8.27 and a beta of 0.93. Teck Resources has a 1 year low of C$19.27 and a 1 year high of C$35.17.

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About Teck Resources

Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.

Analyst Recommendations for Teck Resources (TSE:TECK.B)

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