Teck Resources Ltd (TSE:TECK.B) Given Consensus Recommendation of “Hold” by Analysts

Teck Resources Ltd (TSE:TECK.B – Get Free Report) has been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$85.36.

Several equities research analysts recently weighed in on the company. Raymond James Financial boosted their target price on Teck Resources from C$93.00 to C$105.00 and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Canaccord Genuity Group dropped their price target on shares of Teck Resources from C$84.00 to C$81.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. National Bank Financial boosted their price objective on shares of Teck Resources from C$100.00 to C$105.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Finally, Scotiabank upped their price objective on shares of Teck Resources from C$80.00 to C$85.00 and gave the stock a “sector perform” rating in a report on Monday, June 15th.

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Teck Resources Price Performance

Shares of TSE:TECK.B opened at C$96.95 on Friday. Teck Resources has a fifty-two week low of C$52.70 and a fifty-two week high of C$99.91. The business has a 50-day moving average of C$90.18 and a two-hundred day moving average of C$84.38. The stock has a market capitalization of C$47.56 billion, a P/E ratio of 19.05, a P/E/G ratio of -0.38 and a beta of 1.84. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97.

About Teck Resources

(Get Free Report)

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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