Teck Resources Ltd (TSE:TECK.B – Get Free Report) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$87.90.
Several analysts have weighed in on TECK.B shares. Canaccord Genuity Group lowered their target price on Teck Resources from C$84.00 to C$81.00 and set a “hold” rating on the stock in a report on Friday, July 24th. National Bank Financial boosted their price target on Teck Resources from C$100.00 to C$105.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Finally, Raymond James Financial increased their price objective on shares of Teck Resources from C$93.00 to C$105.00 and gave the stock an “outperform” rating in a report on Wednesday, August 26th.
Check Out Our Latest Analysis on TECK.B
Teck Resources Stock Up 7.0%
Teck Resources stock opened at C$91.33 on Friday. The company has a market cap of C$44.84 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of -0.38 and a beta of 1.77. Teck Resources has a 1-year low of C$53.55 and a 1-year high of C$99.91. The stock’s 50 day moving average price is C$91.65 and its 200 day moving average price is C$84.50. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97.
Teck Resources Company Profile
Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.
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