Teck Resources Ltd (TSE:TECK.B) Receives C$63.19 Average PT from Analysts

Key Points

• Teck Resources Ltd has received a consensus rating of "Moderate Buy" from nine analyst firms, with three holding the stock and six recommending a buy.
• The average 12-month price target set by analysts for Teck Resources is C$63.19, although several have recently lowered their target prices.
• Teck Resources is a diversified miner with significant operations in coal, copper, zinc, and oil sands, ranking as the world's second-largest exporter of metallurgical coal.

Shares of Teck Resources Ltd (TSE:TECK.B - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$64.12.

TECK.B has been the subject of a number of recent research reports. Raymond James Financial increased their price objective on shares of Teck Resources from C$63.00 to C$64.00 in a report on Thursday, August 21st. JPMorgan Chase & Co. downgraded shares of Teck Resources from an "overweight" rating to a "neutral" rating and cut their price target for the stock from C$63.00 to C$56.00 in a report on Friday, July 25th. National Bankshares cut their price target on shares of Teck Resources from C$66.00 to C$62.50 in a report on Friday, July 25th. Scotiabank cut their price target on shares of Teck Resources from C$57.00 to C$55.00 and set an "outperform" rating for the company in a report on Monday. Finally, Desjardins downgraded shares of Teck Resources from a "buy" rating to a "hold" rating and cut their price target for the stock from C$72.00 to C$58.00 in a report on Friday, July 18th.

Teck Resources Price Performance

Teck Resources stock traded up C$0.32 during midday trading on Monday, reaching C$57.99. The company had a trading volume of 1,794,159 shares, compared to its average volume of 1,460,560. The company has a market capitalization of C$28.35 billion, a P/E ratio of 99.98, a P/E/G ratio of -0.38 and a beta of 1.60. Teck Resources has a 12-month low of C$40.23 and a 12-month high of C$72.92. The firm's fifty day simple moving average is C$48.14 and its 200-day simple moving average is C$50.78. 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.