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

Teck Resources Ltd (TSE:TECK.B - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$71.13.

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

Teck Resources Trading Up 0.8%

Shares of Teck Resources stock opened at C$52.90 on Wednesday. The stock has a market capitalization of C$27.08 billion, a P/E ratio of 18.96, a P/E/G ratio of -0.38 and a beta of 1.37. Teck Resources has a 52-week low of C$40.23 and a 52-week high of C$72.92. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The stock's 50-day simple moving average is C$50.31 and its 200 day simple moving average is C$55.31.

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.

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