Analysts Set Teck Resources Ltd (TSE:TECK.B) PT at C$76.29

Teck Resources Ltd (TSE:TECK.B) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$76.29.

A number of research firms have recently weighed in on TECK.B. Scotiabank reduced their target price on shares of Teck Resources from C$75.00 to C$73.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Canaccord Genuity Group reduced their target price on shares of Teck Resources from C$73.00 to C$71.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Jefferies Financial Group reduced their target price 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 target on shares of Teck Resources from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Citigroup dropped their price target on shares of Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th.

Teck Resources Stock Down 2.1 %

TSE:TECK.B opened at C$59.49 on Monday. The firm’s 50-day moving average price is C$59.98 and its 200-day moving average price is C$62.93. The company has a market capitalization of C$30.46 billion, a PE ratio of 21.32, a P/E/G ratio of -0.38 and a beta of 1.37. 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$52.83 and a 1-year high of C$74.37.

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.