Teck Resources Ltd (TSE:TECK.B) Receives C$71.13 Average PT from Analysts

Shares of Teck Resources Ltd (TSE:TECK.B - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nine research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$71.13.

Several equities research analysts have recently weighed in on the company. TD Securities decreased their price objective on Teck Resources from C$73.00 to C$62.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Desjardins lowered their price objective on shares of Teck Resources from C$74.00 to C$72.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. National Bankshares upgraded shares of Teck Resources from a "sector perform" rating to an "outperform" rating and set a C$70.00 price objective on the stock in a research note on Friday, April 25th. Royal Bank Of Canada decreased their target price on shares of Teck Resources from C$84.00 to C$82.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, UBS Group lowered their price target on Teck Resources from C$67.00 to C$55.00 in a report on Wednesday, April 23rd.

Teck Resources Stock Down 1.9%

Shares of Teck Resources stock traded down C$1.05 during trading hours on Wednesday, hitting C$55.55. The company had a trading volume of 1,371,310 shares, compared to its average volume of 1,372,327. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The company's 50-day moving average is C$50.85 and its two-hundred day moving average is C$55.09. The company has a market cap of C$28.44 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. Teck Resources has a twelve month low of C$40.23 and a twelve month high of C$72.92.

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.