Teck Resources Ltd (TSE:TECK.B) Given Average Recommendation of “Buy” by Analysts

Teck Resources Ltd (TSE:TECK.B) has received a consensus rating of “Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$64.31.

TECK.B has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on Teck Resources from C$68.00 to C$71.00 in a report on Monday, October 16th. National Bankshares upgraded Teck Resources from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$67.00 to C$70.00 in a report on Friday, July 28th. Canaccord Genuity Group lowered their target price on Teck Resources from C$71.00 to C$66.00 and set a “buy” rating for the company in a report on Thursday, October 26th. JPMorgan Chase & Co. set a C$52.00 price objective on Teck Resources and gave the company an “overweight” rating in a report on Tuesday, October 17th. Finally, Jefferies Financial Group decreased their price objective on Teck Resources from C$80.00 to C$70.00 and set a “buy” rating for the company in a report on Wednesday, October 25th.

Teck Resources Stock Up 3.2 %

Shares of TSE TECK.B opened at C$50.72 on Friday. The company has a debt-to-equity ratio of 37.91, a quick ratio of 0.97 and a current ratio of 1.20. The firm has a market capitalization of C$25.98 billion, a price-to-earnings ratio of 11.93, a PEG ratio of -0.38 and a beta of 1.26. The stock has a 50 day moving average price of C$54.83 and a 200 day moving average price of C$55.90. Teck Resources has a 52-week low of C$41.08 and a 52-week high of C$66.04.

About Teck Resources

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.