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

Teck Resources Ltd (TSE:TECK.B) has earned an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$64.31.

TECK.B has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on Teck Resources from C$60.00 to C$65.00 in a research report on Tuesday, October 21st. CIBC raised their price target on Teck Resources from C$57.00 to C$61.00 and gave the stock a “buy” rating in a research note on Thursday, November 27th. National Bankshares downgraded shares of Teck Resources from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from C$62.50 to C$65.00 in a research report on Wednesday, October 8th. Scotiabank upped their price objective on shares of Teck Resources from C$60.00 to C$70.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Raymond James Financial cut their target price on shares of Teck Resources from C$64.00 to C$63.00 in a research note on Friday, October 10th.

Teck Resources Stock Performance

Shares of TSE:TECK.B opened at C$68.99 on Friday. 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 company has a 50-day moving average price of C$61.46 and a 200-day moving average price of C$55.84. The company has a market cap of C$33.68 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of -0.38 and a beta of 2.03. Teck Resources has a 12 month low of C$40.23 and a 12 month high of C$72.07.

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%.