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

Shares of Teck Resources Ltd (TSE:TECK.B - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$71.94.

TECK.B has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on Teck Resources from C$72.00 to C$58.00 in a research note on Thursday, April 10th. Desjardins lowered their price target on shares of Teck Resources from C$74.00 to C$72.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Royal Bank of Canada dropped their price objective on shares of Teck Resources from C$84.00 to C$82.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. TD Securities reduced their target price on shares of Teck Resources from C$73.00 to C$62.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, National Bankshares upgraded shares of Teck Resources from a "sector perform" rating to an "outperform" rating and set a C$70.00 price target on the stock in a research note on Friday, April 25th.

Teck Resources Stock Performance

Shares of TSE TECK.B traded up C$0.14 during trading on Friday, reaching C$50.99. The stock had a trading volume of 946,193 shares, compared to its average volume of 1,268,541. 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 has a market cap of C$26.11 billion, a PE ratio of 18.28, a P/E/G ratio of -0.38 and a beta of 1.37. Teck Resources has a one year low of C$40.23 and a one year high of C$72.92. The firm's 50 day moving average price is C$48.68 and its two-hundred day moving average price is C$56.44.

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.