Teck Resources Ltd (TSE:TECK.B) Given Consensus Recommendation of “Hold” by Brokerages

Teck Resources Ltd (TSE:TECK.B) has earned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$75.50.

Several research firms have recently weighed in on TECK.B. National Bank Financial upped their target price on shares of Teck Resources from C$70.00 to C$80.00 in a report on Thursday, January 29th. TD Securities boosted their price target on shares of Teck Resources from C$76.00 to C$82.00 and gave the company a “hold” rating in a research report on Monday, February 23rd. Stifel Nicolaus upped their price objective on shares of Teck Resources from C$65.00 to C$80.00 and gave the stock a “hold” rating in a research note on Wednesday, February 11th. Raymond James Financial raised their price objective on shares of Teck Resources from C$70.00 to C$77.00 in a report on Monday, February 9th. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Teck Resources from C$61.00 to C$77.00 in a research note on Wednesday, February 4th.

Teck Resources Stock Performance

Teck Resources stock opened at C$67.25 on Friday. The firm has a market capitalization of C$32.89 billion, a P/E ratio of 23.76, a P/E/G ratio of -0.38 and a beta of 1.92. The stock has a fifty day moving average price of C$74.50 and a two-hundred day moving average price of C$65.40. Teck Resources has a 52-week low of C$40.23 and a 52-week high of C$85.42. 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. 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%.