Teck Resources Ltd (TSE:TECK.B) Receives C$76.60 Consensus PT from Analysts

Teck Resources Ltd (TSE:TECK.B) has received a consensus recommendation of “Buy” from the eleven analysts that are presently covering the firm, MarketBeat reports. Eleven research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$76.60.

A number of research analysts have recently issued reports on the company. Canaccord Genuity Group decreased their target price on Teck Resources from C$80.00 to C$76.00 in a research report on Monday, July 22nd. BMO Capital Markets decreased their price objective on shares of Teck Resources from C$80.00 to C$77.00 in a report on Thursday, July 25th. Eight Capital boosted their target price on shares of Teck Resources from C$72.00 to C$75.00 in a research note on Thursday, July 11th. Scotiabank decreased their price target on shares of Teck Resources from C$84.00 to C$78.00 in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. cut their price objective on Teck Resources from C$76.00 to C$74.00 in a research note on Thursday, July 25th.

Teck Resources Stock Performance

Shares of TECK.B stock opened at C$60.91 on Thursday. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. Teck Resources has a 12-month low of C$47.47 and a 12-month high of C$74.37. The business’s 50 day moving average is C$65.11 and its two-hundred day moving average is C$64.23. The company has a market capitalization of C$31.19 billion, a P/E ratio of 21.83, a P/E/G ratio of -0.38 and a beta of 1.36.

Teck Resources Company Profile

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.