Shares of Teck Resources Ltd (TSE:TECK.B) have received a consensus recommendation of “Buy” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$36.15.
A number of research firms have commented on TECK.B. JPMorgan Chase & Co. decreased their price objective on shares of Teck Resources from C$48.00 to C$37.00 in a report on Thursday, October 10th. CSFB decreased their price target on shares of Teck Resources from C$43.00 to C$35.00 in a report on Tuesday, October 22nd. Barclays decreased their target price on shares of Teck Resources from C$35.00 to C$33.00 in a research report on Tuesday, October 15th. BMO Capital Markets lowered Teck Resources from an “outperform” rating to a “market perform” rating and set a C$37.00 price objective for the company. in a report on Thursday, November 21st. Finally, National Bank Financial cut their target price on Teck Resources from C$31.50 to C$27.00 and set an “outperform” rating on the stock in a research note on Monday, November 18th.
TSE TECK.B traded up C$0.26 during mid-day trading on Monday, reaching C$21.50. 750,359 shares of the company’s stock traded hands, compared to its average volume of 1,990,000. Teck Resources has a 1-year low of C$19.34 and a 1-year high of C$34.31. The company has a fifty day simple moving average of C$21.38 and a 200-day simple moving average of C$24.34. The company has a current ratio of 2.09, a quick ratio of 1.16 and a debt-to-equity ratio of 24.09. The company has a market cap of $11.75 billion and a price-to-earnings ratio of 7.39.
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.
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