Teck Resources Ltd (TSE:TECK.B) Receives C$76.40 Average Price Target from Analysts

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

TECK.B has been the subject of several analyst reports. Raymond James reduced their target price on shares of Teck Resources from C$71.00 to C$70.00 in a report on Thursday, July 25th. TD Securities raised their price objective on shares of Teck Resources from C$78.00 to C$80.00 in a research report on Tuesday, July 16th. BMO Capital Markets dropped their target price on shares of Teck Resources from C$80.00 to C$77.00 in a report on Thursday, July 25th. JPMorgan Chase & Co. decreased their price target on Teck Resources from C$76.00 to C$74.00 in a report on Thursday, July 25th. Finally, Canaccord Genuity Group lowered their price objective on Teck Resources from C$80.00 to C$76.00 in a research report on Monday, July 22nd.

Teck Resources Stock Performance

Shares of TECK.B opened at C$70.89 on Monday. The business has a 50-day simple moving average of C$64.27 and a two-hundred day simple moving average of C$65.58. 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 has a 52 week low of C$47.47 and a 52 week high of C$74.37. The stock has a market cap of C$36.30 billion, a price-to-earnings ratio of 25.41, a PEG ratio of -0.38 and a beta of 1.36.

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.