Analysts Set Teck Resources Ltd (TSE:TECK.B) PT at C$76.30

Teck Resources Ltd (TSE:TECK.B) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$76.30.

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

Teck Resources Stock Performance

Shares of TECK.B stock opened at C$59.21 on Wednesday. The stock has a fifty day moving average price of C$63.48 and a 200 day moving average price of C$64.98. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The stock has a market cap of C$30.32 billion, a PE ratio of 21.22, a P/E/G ratio of -0.38 and a beta of 1.37. Teck Resources has a 1 year low of C$49.30 and a 1 year high of C$74.37.

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.