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

Shares of Teck Resources Ltd (TSE:TECK.B) have been given an average recommendation of “Hold” by the ten research firms that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$76.33.

A number of equities research analysts recently issued reports on TECK.B shares. Raymond James Financial boosted their price objective on Teck Resources from C$70.00 to C$77.00 in a research note on Monday, February 9th. Jefferies Financial Group upped their price target on shares of Teck Resources from C$71.00 to C$80.00 in a research report on Monday, January 12th. Canadian Imperial Bank of Commerce boosted their price objective on Teck Resources from C$61.00 to C$77.00 in a research report on Wednesday, February 4th. Stifel Nicolaus raised their target price on 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. Finally, Scotiabank lifted their price target on shares of Teck Resources from C$75.00 to C$80.00 in a report on Tuesday, February 24th.

Teck Resources Price Performance

TECK.B stock opened at C$80.11 on Monday. The stock has a market capitalization of C$39.11 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of -0.38 and a beta of 2.06. The company’s 50-day moving average is C$73.53 and its 200-day moving average is C$62.44. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. Teck Resources has a 1 year low of C$40.23 and a 1 year high of C$85.42.

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%.