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

Shares of Teck Resources Ltd (TSE:TECK.B) have been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$63.54.

TECK.B has been the subject of several recent analyst reports. Scotiabank decreased their target price on shares of Teck Resources from C$65.00 to C$60.00 and set a “sector perform” rating for the company in a report on Tuesday, November 25th. JPMorgan Chase & Co. boosted their price objective on shares of Teck Resources from C$56.00 to C$60.00 in a report on Thursday, October 9th. Citigroup increased their target price on Teck Resources from C$55.00 to C$60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Jefferies Financial Group reduced their target price on Teck Resources from C$80.00 to C$71.00 in a report on Monday, December 8th. Finally, TD Securities upped their price target on Teck Resources from C$63.00 to C$70.00 in a report on Tuesday, October 21st.

Teck Resources Price Performance

TECK.B opened at C$59.36 on Wednesday. The firm has a market cap of C$28.98 billion, a PE ratio of 23.84, a P/E/G ratio of -0.38 and a beta of 1.80. The stock has a 50-day moving average price of C$59.62 and a 200-day moving average price of C$54.21. Teck Resources has a 1 year low of C$40.23 and a 1 year high of C$64.24. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97.

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.