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

Shares of Teck Resources Ltd (TSE:TECK.B) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$76.29.

A number of equities analysts have issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Teck Resources from C$80.00 to C$70.00 in a research report on Monday, January 6th. Canaccord Genuity Group decreased their price objective on shares of Teck Resources from C$73.00 to C$71.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Raymond James boosted their price objective on shares of Teck Resources from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Scotiabank reduced their price target on shares of Teck Resources from C$75.00 to C$73.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, Citigroup reduced their price target on shares of Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th.

Teck Resources Price Performance

Shares of TSE:TECK.B opened at C$58.29 on Thursday. The stock has a market cap of C$29.84 billion, a PE ratio of 20.89, a PEG ratio of -0.38 and a beta of 1.37. The company’s fifty day moving average is C$60.22 and its 200 day moving average is C$63.71. Teck Resources has a 52 week low of C$50.65 and a 52 week high of C$74.37. 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 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.