Brokerages Set Teck Resources Ltd (TSE:TECK.B) Price Target at C$65.17

Shares of Teck Resources Ltd (TSE:TECK.B) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$65.17.

TECK.B has been the topic of a number of recent research reports. TD Securities lifted their price target on shares of Teck Resources from C$63.00 to C$70.00 in a research note on Tuesday, October 21st. Royal Bank Of Canada cut their price target on shares of Teck Resources from C$82.00 to C$67.00 in a report on Friday, July 25th. JPMorgan Chase & Co. lifted their price target on shares of Teck Resources from C$56.00 to C$60.00 in a report on Thursday, October 9th. Desjardins downgraded shares of Teck Resources from a “buy” rating to a “hold” rating and cut their price target for the company from C$72.00 to C$58.00 in a report on Friday, July 18th. Finally, Stifel Nicolaus lifted their price target on shares of Teck Resources from C$60.00 to C$65.00 in a report on Tuesday, October 21st.

Teck Resources Stock Down 1.7%

TECK.B opened at C$60.29 on Tuesday. Teck Resources has a fifty-two week low of C$40.23 and a fifty-two week high of C$71.11. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The firm’s fifty day moving average price is C$55.70 and its two-hundred day moving average price is C$51.81. The company has a market capitalization of C$29.43 billion, a P/E ratio of 24.21, a P/E/G ratio of -0.38 and a beta of 1.83.

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.