Teck Resources Ltd (TSE:TECK.B) Receives C$80.25 Average Target Price from Analysts

Shares of Teck Resources Ltd (TSE:TECK.B) have earned a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$80.25.

Several research analysts have issued reports on TECK.B shares. National Bank Financial increased their price objective on Teck Resources from C$90.00 to C$92.50 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Stifel Nicolaus increased their price objective on Teck Resources from C$65.00 to C$80.00 and gave the stock a “hold” rating in a research report on Wednesday, February 11th. Desjardins increased their price objective on Teck Resources from C$65.00 to C$74.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Canaccord Genuity Group increased their price objective on Teck Resources from C$78.00 to C$85.50 and gave the stock a “hold” rating in a research report on Friday, April 24th. Finally, TD Securities increased their price objective on Teck Resources from C$76.00 to C$82.00 and gave the stock a “hold” rating in a research report on Monday, February 23rd.

Teck Resources Price Performance

Teck Resources stock opened at C$84.06 on Friday. The business has a 50 day simple moving average of C$76.86 and a 200-day simple moving average of C$71.14. The stock has a market capitalization of C$41.15 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of -0.38 and a beta of 1.83. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. Teck Resources has a 12 month low of C$42.95 and a 12 month high of C$92.67.

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%.