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

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 earned a consensus rating of "Moderate Buy" from the nine ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$63.19.

Several research firms have weighed in on TECK.B. Desjardins lowered shares of Teck Resources from a "buy" rating to a "hold" rating and decreased their target price for the company from C$72.00 to C$58.00 in a report on Friday, July 18th. National Bankshares decreased their target price on shares of Teck Resources from C$66.00 to C$62.50 in a report on Friday, July 25th. Scotiabank decreased their target price on shares of Teck Resources from C$66.00 to C$57.00 in a report on Friday, July 25th. TD Securities decreased their target price on shares of Teck Resources from C$64.00 to C$60.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Finally, Jefferies Financial Group reduced their price target on shares of Teck Resources from C$65.00 to C$60.00 in a research note on Friday, July 25th.

Teck Resources Stock Performance

TSE:TECK.B opened at C$47.56 on Monday. 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 firm has a market capitalization of C$23.25 billion, a price-to-earnings ratio of 82.00, a PEG ratio of -0.38 and a beta of 1.60. The company's 50-day moving average is C$48.24 and its two-hundred day moving average is C$50.79. Teck Resources has a 1-year low of C$40.23 and a 1-year 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.

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