Teck Resources Ltd (TSE:TECK.B) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Teck Resources Ltd (TSE:TECK.B) have received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$71.94.

A number of research analysts have recently commented on the company. Citigroup dropped their price target on Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Raymond James upped their target price on Teck Resources from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Scotiabank decreased their price target on shares of Teck Resources from C$75.00 to C$73.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Desjardins reduced their price objective on Teck Resources from C$74.00 to C$72.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, UBS Group reduced their target price on shares of Teck Resources from C$67.00 to C$55.00 in a report on Wednesday, April 23rd.

Teck Resources Trading Down 1.7 %

TSE TECK.B opened at C$48.19 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The firm has a market capitalization of C$24.67 billion, a P/E ratio of 17.27, a PEG ratio of -0.38 and a beta of 1.37. Teck Resources has a 12 month low of C$40.23 and a 12 month high of C$74.37. The business has a fifty day simple moving average of C$52.07 and a 200 day simple moving average of C$58.95.

About Teck Resources

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.