Teck Resources Ltd (TSE:TECK.B) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Teck Resources Ltd has received a consensus recommendation of "Moderate Buy" from ten research firms, with seven analysts assigning a buy rating and three a hold rating.
• The average 12-month price target for Teck Resources is C$64.35, although some firms have recently adjusted their targets downwards.
• Teck is a diversified mining company primarily focused on metallurgical coal and copper, ranking as the world's second-largest exporter of seaborne metallurgical coal.

Teck Resources Ltd (TSE:TECK.B - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$64.35.

TECK.B has been the subject of a number of recent analyst reports. National Bankshares dropped their price target on shares of Teck Resources from C$66.00 to C$62.50 in a research report on Friday, July 25th. Citigroup dropped their price target on shares of Teck Resources from C$68.00 to C$55.00 and set a "neutral" rating for the company in a research report on Monday, June 9th. Raymond James Financial upped their price target on shares of Teck Resources from C$63.00 to C$64.00 in a research report on Thursday, August 21st. Jefferies Financial Group upped their target price on shares of Teck Resources from C$60.00 to C$74.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Finally, Royal Bank Of Canada dropped their target price on shares of Teck Resources from C$82.00 to C$67.00 in a research report on Friday, July 25th.

Teck Resources Stock Performance

TECK.B opened at C$60.54 on Friday. The firm has a market cap of C$29.54 billion, a P/E ratio of 104.38, a PEG ratio of -0.38 and a beta of 1.60. Teck Resources has a 1-year low of C$40.23 and a 1-year high of C$71.11. The company has a 50 day simple moving average of C$49.47 and a two-hundred day simple moving average of C$50.68. 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.

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