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

Teck Resources Ltd (TSE:TECK.B) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$76.29.

Several analysts have recently issued reports on TECK.B shares. National Bankshares decreased their price target on Teck Resources from C$77.50 to C$75.00 and set a “sector perform” rating for the company in a research note on Thursday. CIBC lowered their price target on Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. Jefferies Financial Group dropped their price target on shares of Teck Resources from C$80.00 to C$70.00 in a research report on Monday, January 6th. Raymond James upped their price objective on shares of Teck Resources from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Canaccord Genuity Group cut their target price on shares of Teck Resources from C$73.00 to C$71.00 and set a “buy” rating for the company in a research report on Thursday.

Teck Resources Trading Up 1.8 %

Shares of TSE:TECK.B opened at C$60.39 on Friday. Teck Resources has a 1 year low of C$49.45 and a 1 year high of C$74.37. The firm has a fifty day moving average price of C$61.68 and a 200 day moving average price of C$64.34. 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 stock has a market capitalization of C$30.92 billion, a PE ratio of 21.65, a P/E/G ratio of -0.38 and a beta of 1.37.

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.