Teck Resources Ltd (TSE:TECK.B) Receives C$76.33 Average PT from Analysts

Teck Resources Ltd (TSE:TECK.B) has been given a consensus rating of “Hold” by the ten research firms that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$76.33.

A number of research firms recently issued reports on TECK.B. Scotiabank raised their target price on shares of Teck Resources from C$75.00 to C$80.00 in a research note on Tuesday, February 24th. Desjardins boosted their target price on shares of 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. Canadian Imperial Bank of Commerce upped their price target on shares of Teck Resources from C$61.00 to C$77.00 in a report on Wednesday, February 4th. National Bank Financial raised their price target on Teck Resources from C$70.00 to C$80.00 in a research report on Thursday, January 29th. Finally, Citigroup upgraded Teck Resources from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from C$76.00 to C$104.00 in a research note on Monday, February 2nd.

Teck Resources Trading Down 6.1%

TSE:TECK.B opened at C$68.65 on Monday. The company’s 50 day moving average is C$74.62 and its 200-day moving average is C$63.23. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. Teck Resources has a 12 month low of C$40.23 and a 12 month high of C$85.42. The firm has a market cap of C$33.58 billion, a price-to-earnings ratio of 24.26, a P/E/G ratio of -0.38 and a beta of 1.92.

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%.