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

Shares of Teck Resources Ltd (TSE:TECK.B) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$64.00.

Several research analysts have recently weighed in on the company. TD Securities increased their price target on Teck Resources from C$63.00 to C$70.00 in a research note on Tuesday, October 21st. National Bankshares cut shares of Teck Resources from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$62.50 to C$65.00 in a research report on Wednesday, October 8th. Raymond James Financial reduced their price target on shares of Teck Resources from C$64.00 to C$63.00 in a research report on Friday, October 10th. Citigroup raised their price objective on Teck Resources from C$55.00 to C$60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Teck Resources from C$56.00 to C$60.00 in a research note on Thursday, October 9th.

Teck Resources Trading Up 0.4%

TSE:TECK.B opened at C$59.82 on Friday. 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 firm has a market cap of C$29.21 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of -0.38 and a beta of 1.94. The firm has a 50-day moving average price of C$58.76 and a two-hundred day moving average price of C$53.23. Teck Resources has a 52 week low of C$40.23 and a 52 week high of C$67.77.

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.