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

Key Points

• Teck Resources Ltd has received a consensus rating of "Moderate Buy" from nine research firms, with three holding and six recommending buy ratings.
• The average price target among analysts for Teck Resources is C$63.12, although several analysts have recently lowered their targets significantly.
• Teck is a diversified miner primarily involved in coal, copper, zinc, and oil sands, ranking as the world's second-largest exporter of seaborne metallurgical coal.

Teck Resources Ltd (TSE:TECK.B - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine research firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$63.12.

TECK.B has been the subject of several recent research reports. Desjardins lowered Teck Resources from a "buy" rating to a "hold" rating and reduced their price target for the stock from C$72.00 to C$58.00 in a research report on Friday, July 18th. Jefferies Financial Group dropped their target price on Teck Resources from C$65.00 to C$60.00 in a research note on Friday, July 25th. Royal Bank Of Canada dropped their target price on Teck Resources from C$82.00 to C$67.00 in a research note on Friday, July 25th. JPMorgan Chase & Co. downgraded Teck Resources from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from C$63.00 to C$56.00 in a research note on Friday, July 25th. Finally, Raymond James Financial dropped their target price on Teck Resources from C$71.00 to C$63.00 in a research note on Friday, July 25th.

Teck Resources Trading Up 0.5%

Shares of TSE TECK.B opened at C$45.03 on Thursday. The firm has a market cap of C$23.06 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. Teck Resources has a twelve month low of C$40.23 and a twelve month high of C$72.92. The business has a fifty day simple moving average of C$50.78 and a two-hundred day simple moving average of C$52.70.

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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