Teck Resources Ltd (TSE:TECK.B) Given Average Rating of “Buy” by Analysts

Shares of Teck Resources Ltd (TSE:TECK.B) have been assigned an average rating of “Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. Twelve investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$76.40.

A number of brokerages have weighed in on TECK.B. CIBC set a C$80.00 target price on Teck Resources and gave the company an “outperform” rating in a research report on Friday, July 12th. National Bankshares upped their price objective on shares of Teck Resources from C$82.50 to C$86.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. JPMorgan Chase & Co. cut their target price on shares of Teck Resources from C$76.00 to C$74.00 in a research report on Thursday, July 25th. Raymond James lowered their price target on shares of Teck Resources from C$71.00 to C$70.00 in a research report on Thursday, July 25th. Finally, Jefferies Financial Group lifted their price objective on shares of Teck Resources from C$80.00 to C$85.00 in a report on Monday, July 8th.

Teck Resources Stock Performance

Teck Resources stock opened at C$70.89 on Monday. 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 company has a market capitalization of C$36.30 billion, a PE ratio of 25.41, a P/E/G ratio of -0.38 and a beta of 1.36. The company has a 50 day moving average price of C$64.27 and a 200-day moving average price of C$65.58. Teck Resources has a fifty-two week low of C$47.47 and a fifty-two week high of C$74.37.

Teck Resources Company Profile

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.