Teck Resources Ltd (TSE:TECK.B) Receives C$80.25 Consensus Price Target from Brokerages

Shares of Teck Resources Ltd (TSE:TECK.B) have been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$80.25.

A number of research firms recently commented on TECK.B. Desjardins increased their target price on shares of Teck Resources from C$65.00 to C$74.00 and gave the company a “hold” rating in a research report on Monday, January 26th. TD Securities raised their price target on shares of Teck Resources from C$76.00 to C$82.00 and gave the stock a “hold” rating in a report on Monday, February 23rd. National Bank Financial raised their price target on shares of Teck Resources from C$90.00 to C$92.50 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Canadian Imperial Bank of Commerce raised their price target on shares of Teck Resources from C$79.00 to C$83.00 and gave the stock a “tender” rating in a report on Friday, April 24th. Finally, Scotiabank raised their price target on shares of Teck Resources from C$70.00 to C$75.00 in a report on Tuesday, April 14th.

Teck Resources Stock Performance

TSE:TECK.B opened at C$84.34 on Friday. Teck Resources has a 52 week low of C$42.95 and a 52 week high of C$92.67. The firm has a 50 day moving average of C$76.30 and a 200 day moving average of C$70.83. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The stock has a market capitalization of C$41.29 billion, a price-to-earnings ratio of 22.37, a PEG 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. It is building a major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, which will increase Teck’s attributable copper production by around 80%.